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 […]
Understanding the failures of the European Central Bank Read here
“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 […]
“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
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 […]
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
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 […]
“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 […]
Bill Mitchell takes the fight for the hearts and minds of Europeans with regard to the EU to the Grass Roots movements. This is the time to be doing this. Read here
Germany has adopted the strategy that it can permanently game its Eurozone partners through its mercantilist approach. Read here
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