G’day Folks. If you are new to economics I recommend you follow along on the links provided in the Index. This is a short piece designed for those of you that have all ready had some economics training. The best way to work your way through this paper is to work your way from left to right down the list following the links. There is a brief summary under each one. Special thanks to Dr. Peter Cooper. Enjoy!
|MMT and the Crisis||Fiat Money and its Social Significance|
|The global economic crisis, and government policy responses to it, have sparked controversy and debate.||When money takes the form of a valuable commodity (e.g. gold)|
|Budget Deficits and Net Private Saving||Thinking in a Macro Way||Taxation, Money, Freedom and Economy|
|Some critics of fiscal stimulus claim that by running large budget deficits,||To understand aggregate behavior, it is necessary to start at the aggregate…||MMT implies some interesting connections between money, taxes, social cooperation, freedom…|
|Parable of a Monetary Economy||Unemployment is a Macro Problem||Value of the Currency|
|Although the parable makes use of a highly simplified model, the basic insights…||A common misconception is that if everybody was prepared to take awful enough jobs, unemployment would be eradicated…||Demand for currency is underpinned by taxation. By imposing a tax obligation on the non-government sector that can be met only through payment…|
|Full Employment and the Environment||Interest, Money and Crisis||What is ‘productive’?|
|Criticism of MMT tends to come from two different directions. On the one hand, there are those who deny that governments in modern monetary systems have the fiscal capacity to maintain full employment and price stability.||Throughout the history of economic thought, opposing perspectives on interest and money have created fundamental divides between the various schools. In the one camp, interest is regarded as having a real determination, with monetary policy ultimately at the mercy of the markets. In the other camp…||In a commodity-backed money system, a common currency union, or a fiat-money system with a fixed or pegged exchange rate, external undemocratic constraints are imposed on governments which limit their freedom to use fiscal policy for public purpose.|December 2022 S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
- #153 Dirk Ehnts: Fiscal Black Holes And How To Escape Them
- #152 Phil Armstrong: What Would Economic Opposition Look Like?
- #151 Brian Romanchuk: What Is A Bond Vigilante And How Do We Get Rid Of Them?
- #150 Yeva Nersisyan: How To Pay For The Green New Deal
- #149 Britannia Re-chained: Jeremy Hunt's Unbudget In Brief
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- Medium: Femme - 8 - Abortion (Part 2)
- Political Economy of 'The Rehearsal'
- Internet for the People with Ben Tarnoff
- Democratizing University Finance
- Debt Cancel Culture: Media Strategies for Democratic Coalitions (ft. Erica Robles-Anderson, @fstflofscholars)
- RBA governor apologises for duping Australians – but then says we didn’t read the literature closely enough
- The Alpine villages producing their own power
- Puerto Rican towns sue Big Oil under RICO alleging collusion on climate denial
- Revealed: more than 70% of English water industry is in foreign ownership
- Mortgage purchase apps, Q3 GDP revision, job openings