Economics
Bill Mitchell: US labour market data – an uncertain and pessimistic future
A closer look at the US unemployment numbers Read here
Bill Mitchell
Deregulation
Bill Mitchell: ABCD, social capital and all the rest of the neoliberal narratives to undermine progress
It is not the ‘state’ that is at fault but the ideologues that have taken command of the state machinery and reconfigured it to serve their own agenda, which just happen to run counter to […]
Economics
Bill Mitchell: Inflation is not necessarily due to excessive spending
What a lot of people do not fully grasp. Inflation can be driven by administrative decisions and can be curtailed or restrained by varying those decisions. Read here Hyperinflation in the Weimar Republic
Economics
Bill Mitchell – US claimants recovery stalls
The US Department of Labor’s weekly data releases are indicating that as the virus escalates, seemingly out of control, the labour market recovery has all but stalled and a reasonable prediction would be that it […]
Economics
Bill Mitchell – Forget the record deficits and public debt – focus on what the net spending is doing to advance well-being
MMT economists have always held the view that a focus on deficits and debt aimed at assessing solvency thresholds and the like has never been justified and has underpinned destructive policy interventions that have undermined […]
Austerity
Bill Mitchell – When disaster strikes the poorest nations, the IMF guarantees to make it worse
While even many progressive economists were effusive about the advances being made in IMF policy the same neo-liberal destruction continues in practice. Read here
Economics
Bill Mitchell: US labour market – floundering now despite modest gains
Things are not going much better on the other side of the Atlantic. Clearly, the 20.7 million job loss in April has not yet been reversed. Given the loss of payroll jobs in March and […]
Economics
Bill Mitchell: Tax cuts are unlikely to work at present and are less effective than government spending increases
A short lesson in macroeconomics Read here
EU politics
Bill Mitchell: Ex German Finance minister deliberately misses the point about the ECB
Once again the Germans are trying to assert their authority over the ECB and bully it into constraining the only policy intervention that is saving the eurosystem from collapse, by way of insolvency of several […]
Economics
Bill Mitchell: There is no inevitable trade-off between saving the lives of the aged and economic prosperity
The more sophisticated critics hide behind sophistry and false premises to push the argument that lockdowns are worse than spirally death rates. Read here Source: Wikimedia Commons