While politicians continually want to claim that their nations or areas of responsibility are ‘close to full employment’ the data rarely bears out that assessment. And think of it this way – the mainstream economists […]
When someone associates Modern Monetary Theory with left or right wing politics, they’re signaling they know nothing of MMT and are simply associating it with some of its proponents. MMTers are political, MMT is not. […]
Today marks the 50th anniversary of the overthrow of the Salvatore Allende’s democratically-elected government in Chile by the US CIA and there local puppets under the leadership of General – Augusto Pinochet. Read HERE
Since the March-quarter 2008 (at the onset of the GFC), GDP has grown by 114.8 per cent. However, GNP has only growth by 71.1 per cent and Modified final domestic demand has only grown by […]
We are now entering phase 2 of the New Keynesian policy folly. Phase 1 – was the rising interest rates to fight an inflation that was not interest-rate sensitive. Phase 2 – run policy so […]
So there is no hint of a return to the position that other central banks have taken. The Bank of Japan is firmly committed to providing ‘expansionary’ conditions to encourage growth in wages, which they […]
The inflation is burning out pretty quickly. I consider my assessment that this was always going to be a transitory period of inflation has been validated by the data. I also think we have reach […]
Massive government size does not necessarily mean massive fiscal deficits. Read HERE
To finance energy transition we need to move from a system that allocates resources in favour of private profit, to a more societal-based system. Read HERE WikiRigaou/Creative Commons
The point is that many unions have become part of the elite structures that suppress workers and advance the interests of capital In the 1890s, the worker organisations would be out of strike right now […]
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