Keynes’s simple proposition is compelling: that expenditure will expand national (and international) income (including tax income) and thereby reduce the deficit. But it is a proposition that is anathema to OECD politicians, their friends in […]
A government’s capacity to reduce gender inequality is determined in large part by the amount of revenue it raises in tax, and how tax payments are distributed. Diane Elson is a feminist economist and Member […]
Oskar Lafontaine proposes to return to the old European Monetary System. To make this solution viable it would be necessary to impose sanctions on countries that use deflationary policies to accumulate current account surpluses. Emiliano […]
The series of so-called adjustment programs inflicted on Greece and other crisis countries has served only to create a Great Depression; the likes of which have been unseen in Europe since 1929-1933. Heiner Flassbeck is […]
The European Union is trying to finance its recovery through exports – to the detriment of everyone else. Behind this is the rigid policy of austerity adopted by the EU. It’s Mercantilism, Stupid Broad opposition […]
Neoliberal politicians believe that that money can only be borrowed into existence, but that’s not the case – and this fiction is forcing governments to resort to drastic measures. The basic justification for austerity is that the public sector […]
Shireff has taken a long look at what has become of the much heralded banking reforms in the aftermath of the recent financial crisis and found them indigent. Don’t Start From Here “To inspire confidence, […]
6/03/2013, Naked Keynsianism – Chick criticises economists ignoring Keyne’s theory concerning the vital role of money in the economy.