Daily Archives: July 30, 2012

Neoliberal Supply Side versus Keynesian Demand Side Approaches to Unemployment

By L. Randall Wray

Excellent piece up by Bill Mitchell on the Neoliberal “work for the dole” scheme (called the Community Action Programme). Neoliberals first throw millions of workers out of their jobs with fiscal austerity. (Note: the UK is monetarily sovereign, so this is a policy choice–there is no economic necessity to adopt austerity.) Next, they tell those who lost their jobs that if they want to collect the unemployment benefits to which they are entitled, they’ve got to work for the dole–for much less than the minimum wage.

Tom Palley calls this British ELR.

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The War against the Regulatory Cops on the Bank Beat

By William K. Black

Will no one rid me of the accursed examiners?

The Wall Street Journal has long led the struggle against freer more efficient markets.  Whatever its rhetoric, its policies favor crony capitalism.  The latest example is the July 23, 2012 article:  by Francesco Guerrera entitled “Too Many Cops on the Bank Beat.”

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