No number is more important for investors right now than inflation. The belief that it will continue to rise underpins the recent rally in financial stocks and the slump in government bonds. … Continue reading Everything the Market Thinks About Inflation Might Be Wrong
Great discussion going on over on Reddit: (1944) After WWII FDR planned to implement a second bill of rights that would include the right to employment with a livable wage, adequate housing, … Continue reading FDR’s Proposed Second Bill of Rights
Over the past ten years, Ecuador has achieved major economic and social advances. We are concerned that many of these important gains in poverty reduction, wage growth, reduced inequality, and greater social … Continue reading 50+ Economists Warn Against Neoliberalism’s Return in Ecuador
By David L. Glotzer An Employer of Last Resort, also known as a job guarantee (JG), is exactly what it sounds like. It is a promise by the government through either private partners … Continue reading Employer Of Last Resort: A Completely American Solution To Unemployment
I’m intrigued by Modern Monetary Theory, which maintains governments can create (or ‘print’) money to fill public needs and can’t go into debt to themselves, though they should … Continue reading Can we come out now that deficit hysteria is over?
Economists traditionally dominate policy making in Washington, but they don’t have all the answers. Sociologists have a lot to teach us. That being unemployed is much more than just being unemployed… the … Continue reading What if Sociologists Had as Much Influence as Economists?
A running clock of the tally of lost economic output/income of the United States aggregately since the greed-fueled 2008 financial crisis spawned the Lesser Depression (or Great Recession). Great tool, showing the … Continue reading United States Lost Output Clock
The Eurozone was built on flawed foundations and was always destined to fail. Great book by Bill Michell. In this video he explains why the EU was always destined to fail.. and … Continue reading Eurozone Dystopia – Bill Mitchell
Neoliberalism: defining human beings by the market as if everything we do is mediated through the market, not just in the economic sphere but in every aspect of our lives. That human life is defined by competition … Continue reading Neoliberalism, Climate Change, Migration: George Monbiot conversation
Mmt: US debt is a myth Mike Norman explaining that the “US debt crisis” is a complete myth Source: MMT: US debt is a myth Continue reading US debt crisis is a myth
The fiction of financial constraint perpetuated by the budget allows authority figures to treat us like children – but it’s time we understood the facts The government doesn’t operate like a household budget. Every penny the government spends but doesn’t take back in taxes is equal to every penny the private sector, … Continue reading Why do politicians continue to push the zombie creed of austerity?
Michael Hudson provides an MMT perspective on why governments are avoiding deficits. It hurt’s their banking donors profitability. The aim of neoliberals is to prevent governments from spending money to revive growth … Continue reading Why Deficits Hurt Banking Profits
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