The Labour Party is thus being left behind because they have been taking advice from economists that are stuck in the old paradigm, notwithstanding their efforts to claim otherwise. At the heart of this old […]
“We are entering a new era where the neoliberal obsession with so-called monetary policy reliance is becoming increasingly discredited and exposed by the evidence base. Fiscal dominance is approaching.” Read here
“Despite rather significant monetary policy gymnastics, aimed at stimulating economic growth and lifting inflation rates, central bankers have largely failed. They have failed because they are wedded to mainstream theory. Fiscal policy makers are constrained […]
Germany is proposing some more smokes and mirrors so that it can maintain its position as the exemplar of fiscal responsibility by obeying its ‘Debt brake’ yet inject significant deficit spending into its recessed economy, […]
In this part, I am briefly outlining what I think an MMT-Green New Deal agenda would encompass in the field of financial market changes. Read here
When assessing public infrastructure investment “commercial yield” should not come into it. Read here
Now that prominent mainstream economists have grudgingly accepted some of the elements of Modern Monetary Theory, they are simultaneously trying to discredit it to save face. Read here
1. Real GDP has shrunk by 23.9 per cent since the crisis began and has been stuck around that mark since 2012. There has been virtually no growth at all since the trough was reached […]
Germany funds much of its export surplus by exporting its own capital instead of investing it in its own nation. Much of this investment capital is either poorly invested or is lost. Thus being “export […]
The dissonance in mainstream economics and the political debate about policy settings is getting deeper and more public. Read here
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