By J.D. ALT The theme and illustrations of this essay are from the new book “Paying Ourselves to Save the Planet.” It might seem, as we observe the U.S. government “instantly” generating $2 trillion new dollars for direct payments and … Continue reading →
By J.D. ALT It’s ironic that, at this moment, when the truthfulness and utility of modern money theory (MMT) is being publicly realized—(and even potentially implemented!)—that its singular vulnerability must emerge as a real concern: hyper-inflation. The most recent thing … Continue reading →
Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it…
Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blog posts that I post. See how you go with the following questions. Your results are only known to you and no…
from Jayati Ghosh Climate change is posing immediate threats to humanity, and indeed to all living organisms on the planet, in extreme weather events across the globe. Other environmental stresses include rising water levels or falling water tables, desertification and salination. Agriculture—especially industrial agriculture requiring chemical inputs—is cau […]
download whole issue Has economics become a new theology? 2 Andri W. Stahel Beyond dollar creditocracy: A geopolitical economy 20 Radhika Desai and Michael Hudson A black-swan shock exposes the deep fissures, endemic imbalances, and structural weaknesses of the U.S. economy 40 John […]
Pretty much the whole world had a covid dip, bounce, and most recently a retreat as the economy appears to be rapidly decelerating as unemployment benefits expired and what’s left of the new fiscal spending is relatively small and keeps getting pushed out: Crude oil is another story. There was a covid dip as the […] The post Services pmi, German survey, UK r […]
Up a bit but at best moving sideways: Not looking good for gdp unless private sector deficit spending comes to the rescue: (hat tip Patrick Rien) The post Housing starts, buying conditions for houses, fiscal policy forecast appeared first on Mosler Economics / Modern Monetary Theory.
Chères lectrices, Chers lecteurs, Le carnet que vous consultez est désormais une archive et ne sera plus alimenté. Les droits d’accès en écriture ont été retirés à son auteur par l’équipe d’OpenEdition. À de...
Par Bill MitchellThe dreaded NAIRU is still about!16 Avril 2009Traduction collective avec Frapper MonnaieBill Mitchell est Professeur de recherche en économie et Directeur du Centre du Plein Emploi et Équité (CofFEE), a l'Université de Newcastle, NSW Australia.L’épouvantable NAIRU est toujours d’actualité ! Je pensais – de façon optimiste – qu'il d […]