“Despite rather significant monetary policy gymnastics, aimed at stimulating economic growth and lifting inflation rates, central bankers have largely failed. They have failed because they are wedded to mainstream theory. Fiscal policy makers are constrained by an austerity-biased ideology and/or voluntary institutional machinery that has been created to stifle fiscal initiative (destructive fiscal rules).”
Related Articles
Sydney Morning Herald: US wants to ‘make an example’ of Assange in jail, UN expert claims
As long as the Tories remain in power or the Lib Dems come to power, the case Assange is probably lost. A vote for Labour will be a vote to save Assange’s life. There should […]
Simon Wren-Lewis: Decreasing the size of the state is very unpopular
February 9, 2018
Mathew D. Rose
Austerity, Deregulation, Economics, Finance, Media, Media Influence, Neo-Liberalism in the EU, Tax
0
Why? Why have we been told for decades that people are fed up with state intervention and state run companies? It is not only the bubble politicians live in. Wren-Lewis fails to mention the integral […]
George Kerevan: How Modern Monetary Theory could help indy Scotland – in the short term
As in Catalonia, in Scotland the independence movement is plagued by a nationalist neo-liberal bourgeoisie trying to usurp power via an independence movement. George Kerevan belongs to the left of the Scottish Natiional Party (SNP) and […]
Be the first to comment