Austerity
Bill Mitchell: Madness on both sides of the Atlantic
Europe´s future generations will pay for the German ideological obsession for rules over reality. Read here
Bill Mitchell
Economics
Bill Mitchell: IMF changes tune on industry policy – shamelessly – Part 2
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 […]
Austerity
Bill Mitchell: IMF changes tune on industry policy – shamelessly – Part 1
First it was capital controls (no one talks about the success of Iceland with this policy) that the IMF revised. Now it is what the IMF refers to as “The policy that shall not be […]
Economics
Bill Mitchell: ECB denial is just embarrassing
Understanding the failures of the European Central Bank Read here
Economics
Bill Mitchell: The effectiveness and primacy of fiscal policy – Part 3
“This is the final part of my three-part series on the why I have confidence in the primacy of fiscal policy over monetary policy and eschew any proposals, by other Modern Monetary Theory (MMT) advocates […]
Economics
Bill Mitchell – The effectiveness and primacy of fiscal policy – Part 2
“This is the second part of a three-part series discussing the political issues that give me confidence in the primacy of fiscal policy over monetary policy.” Read here
Economics
Bill Mitchell – The effectiveness and primacy of fiscal policy – Part 1
That monetary policy has lost its effectiveness is common knowledge, although neo-liberal governments and economists continue their policy of pretend and extend. Bill Mitchell addresses the political aspect of fiscal policy as the alternative. Read […]
EU politics
Bill Mitchell: The German undervaluation obsession is resistant to ‘reform’
In Germany long-term price stability has meant suppression of wages. This has enabled its mercantilist policy, which has been so disastrous for the euro-nations. Read here
Economics
Stephanie Kelton & Bill Mitchell – The World of MMT
Two of the key developers of Modern Monetary Theory (MMT) talk about its past, present and future state. Stephanie Kelton defines the difference between deficit hawks & doves (a la Krugman) as the choice between […]
EU politics
Bill Mitchell – Britain’s austerity costs are larger than any predicted Brexit losses
“New data now allows us to compute the losses arising from the deliberate strategy of fiscal austerity that the Government has pursued. Guess what? They appear to dwarf all the Project Fear estimates of losses […]