The Charade That Deters the Use of “Direct Spending” to Fund Federal Operations
Why do so many people recoil at the idea that Federal spending does not depend on taxation?
Read more...Why do so many people recoil at the idea that Federal spending does not depend on taxation?
Read more...Austerity appears to be quietly going out of fashion.
Read more...Not only do economists ignore the role of banks in their models, they also omit marketing and the malleability of consumer preferences.
Read more...Remarkably, an increasing number of economists believe the Eurozone has addressed its weaknesses. Shades of the Great Moderation, circa 2006.
Read more...Picking apart the conflation of real capital with finance capital and explaining how that confusion undermines sound analysis of the crisis.
Read more...Economists despair about the impact of technology on jobs. They underestimate the need for care work, as in services for the young and aged.
Read more...This post looks at the relationship between the top marginal income tax bracket and growth in real GDP per capita (from NIPA table 7.1) in the subsequent year or years.
Read more...Yves here. This is a very important post, and sadly I’m not providing it with the introduction and commentary it warrants because I am scrambling to get organized to get out of town. By Daniela Gabor is associate professor in economics at the University of the West of England, Bristol. Originally published at the Institute […]
Read more...More proof that central banks have lost the plot.
Read more...How economists studied collective decision-making after World War II, faced many impossibilities, and lost interest after solving them.
Read more...Austria illustrates that over time, offshoring reduces the skill levels of domestic workers and even organizations.
Read more...Thomas Friedman has managed to outdo himself on the downside.
Read more...It been remarkable to witness the casual way in which central banks have plunged into negative interest rate terrain, based on questionable models. Now that this experiment isn’t working out so well, the response comes troubling close to, “Well, they work in theory, so we just need to do more or wait longer to see […]
Read more...Lackluster growth is everywhere….except in CEOs’ pay packets. Wonder why?
Read more...Policy implementing the Maine Solid Waste hierarchy should be justified using emergy as the unit of account, and not dollars.
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