Last week, the EU finance ministers (the ‘Eurogroup’) met (June 13, 2019) in Luxembourg as part of their regular schedule. There was a lot of talk in the lead-up to the meeting whether Emmanual Macron’s […]
Are taxes necessary according to MMT? You can read Part 1 here Read here
Modern Monetary Theory (MMT) not only threatens vested neo-liberal interests in politics but also challenges the hegemony of mainstream macroeconomists who have been able to dominate the policy debate for decades using a series of […]
Leading proponents of Modern Monetary Theory respond to Tribune’s recent article on the topic, arguing that socialists should not be afraid to “seize the means of production of money.” See also the article to the […]
The mainstream economists keep claiming that fiscal deficits are undermining the future standards of living of workers – an erroneous claim at best. Read here
The average citizen’s idea of what makes for his or her well-being probably includes a roof, safety, health and economic security. But how should governments steer their policy to achieve that end? By Bill Mitchell, […]
Bill Mitchell on the European elections and accusations against him and Thomas Fazi in relationship to nationalism. Correctly he asks: what definition of nationalism – in the meantime a weaponised term of the EU political […]
“The Eurozone is crawling along the growth gutter, mass unemployment is still at grossly elevated levels, poverty rates have risen, local community services are degraded, essential public infrastructure is in a growing state of disrepair, […]
Europe´s future generations will pay for the German ideological obsession for rules over reality. Read here
In Part 1, I introduced the discussion about the use of industry policies in the Keynesian period after World War 2. Most nations adopted a mixed planning-market based system for allocating productive resources and the […]
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