Government Shutdown Once Again Shows the Lies Behind Deficit Hysteria
How the wealthy use deficit scaremongering to keep wages down and stave off calls for more investment and social spending.
Read more...Category Archives: Macroeconomic policy
Protests in Tunisia Over IMF-Promoted Policies….for Good Reason
Why the IMF’s standard prescription is a poor fit for Tunisia.
Read more...New Study Finds Cancelling Student Debt Provides Broad Economic Benefits at Low Cost
A new study out of Bard will no doubt produce a hissy fit among orthodox economists…assuming they don’t succeed in ignoring it instead In The Macroeconomic Effects of Student Debt Cancellation, Scott Fullwiler, Stephanie Kelton, Catherine Ruetschlin, and Marshall Steinbaum present a detailed examination of the costs of cancelling all student debt, public and private. […]
Read more...Answers from the MMTers
Serious Economist Jared Bernstein asked some questions about MMT. MMT thinkers Stephanie Kelton and Randy Wray.
Read more...Reclaiming the Tax: Foregrounding the Public Covenant
Rethinking the MMT rhetoric around tax….and implications for policy prescriptions.
Read more...Selling Out Argentina’s Future—Again
How Argentina’s new neoliberal masters are driving the economy back into its old debt crisis ditch.
Read more...J. D. Alt: The New Poverty
“Community subsistence” as a way to address poverty on a broad-scale basis.
Read more...Crowdfunding Christmas: Time to Boycott It’s a Wonderful Life
How It’s a Wonderful Life sentamentalizes and reinforces the misguided policy idea that money is scarce and a private good.
Read more...Debunking Mainstream Economists on Secular Stagnation and the Loanable Funds Fallacy
An important, accessible takedown of the loanable funds theory, on which a ton of bad policy rests.
Read more...Larry Summers: Reagan’s Tax Plan Was Better Than Trump’s
Summers on inequality, the GOP tax plan, and US economic prospects.
Read more...Defining the Tax Reform Battleground
How tax “reform” policy discussions reinforced destructive economic ideas.
Read more...The DSGE Model Quarrel (Again)
Economists duke it out over a new defense of discredited but still widely used DSGE models.
Read more...Republicans Plan to Cut Food Stamps as Homelessness Rises in the US
Republicans want to take food out of children’s (and adults’) mouths by cutting food stamps. One likely result is an increase in homelessness.
Read more...Monetary Mental Illness
Puzzling over why more people don’t embrace Modern Monetary Theory.
Read more...Gaius Publius: Deficit Talk Is a Trap. Will Democrats Fall Into It?
The Democrats would join the Republicans in using deficits to justify cutting Medicare, Social Security, and other services. Don’t let them.
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