Economics
Bill Mitchell: “We need the state to bail out the entire nation”
Probably the only ones trying to hold on to the old ideology are the Germans, although in practice they will do anything to save the 1%. Read here
Bill Mitchell
Economics
Bill Mitchell: Some lessons from history for the design of a coronavirus fiscal intervention
While the analysis is focused on Australia at present, the principles developed are portable across national boundaries. Read here
Economics
Bill Mitchell: It’s Modern Monetary Theory time! No, it always has been!
The shams about governments not having enough money to provide adequate housing, schooling, health care, employment, other services, and a sustainable response to climate change are now exposed for all to see. Read here
Economics
Bill Mitchell: The coronavirus will redefine what currency-issuing governments can do – finally
The ideologues are giving way to the pragmatists in the policy space Read here
Economics
Bill Mitchell: The coronavirus crisis – a particular type of shock – Part 2
Considerations that governments need to take into account when dealing with the economic damage that will result from the coronavirus crisis. Read here
Economics
Bill Mitchell: The coronavirus crisis – a particular type of shock – Part 1
Considerations that governments need to take into account when dealing with the economic damage that will result from the coronavirus crisis. Read here
Economics
Bill Mitchell: Bundesbank remits record profits to German government while Greek health system fails
This is the advantage of being the EU and euro hegemon: you are always the winner. This does not stop the Germans from complaining that the European Central Bank is ruining their economy. Never a […]
Austerity
Bill Mitchell: The EU outdoes itself in the madness stakes
The latest PopuList results are rather stark: 1. In the early 1990s, the “populist, far-right and far-left parties” accounted for around 10 per cent of the total vote. By 2020, this share had risen to […]
Austerity
Bill Mitchell: Japan national accounts – sales tax rise, growth collapses – as night follows day
Please also see Michael Roberts – Japan: Abenomics revisited Read here Tokyo, Japan. Photo by Francisco Diez. CC BY 2.0 via Wikimedia Commons.
Economics
Bill Mitchell: Fiscal stimulus disappears into saving – solution – bigger stimulus was needed in the first place
Wasn’t there once something called “demand side economics”? Read here