MMT is about the way the world actually works. It explains why big deficits do not drive up interest rates or “crowd out” private investment, and why big governments in big countries don’t go bankrupt.
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Economics
Chris Dillow: NEOLIBERALISM AS LACK OF SELF-RESTRAINT
“…neoliberal bosses have something in common with child molesters. Both lack restraint in the pursuit of their own self-gratification in situations where they think they can get away with it.” The problem is not greed […]
Economics
Bill Mitchell: Free flows of capital do not increase output but do increase inequality
Suddenly capital controls are back in the discussion. Read here
Economics
Bill Mitchell – Work not UBI – the hopeful not the surrender
Mitchell looks at a report by the Netherlands Scientific Council for Government Policy concerning the challenges of achieving “good work”. Read here
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