Latin America as a whole must learn from Asia that only an active and enlightened state can successfully manage a market economy. Those who believe that libertarian ideas can be used to launch a modern economy into a world economy that has nothing, absolutely nothing, in common with a fair rules-based order will fail even more miserably than their predecessors.
Geopolitics
Cédric Durand – Fragile Leviathan?
On Trump and big tech. In New Left Review’s ‘Sidecar’. Read the article HERE.
Economics
Bill Mitchell: The absurdity of the current monetary policy dominance exposed
I repeat my position on dealing with the current inflation: 1. Hold interest rates constant (as in Japan). 2. Do not expand fiscal policy significantly. 3. Provide fiscal support to the low-income families. 4. Watch […]
Finance
The Asahi Shimbun – Stephanie Kelton: Japan shatters notion of deficit boogeyman
Modern monetary theory (MMT) is gaining much attention for its somewhat unorthodox view that governments do not have to worry about fiscal deficits. One of the main advocates of MMT is Stephanie Kelton, an economics […]
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