By L. Randall Wray & Pavlina R. Tcherneva
(Cross posted at Huffington Post)
Everyone recalls the quip by Leona Helmsley: “We don’t pay taxes. Only the little people pay taxes…”. By “we”, of course, she meant the likes of Mitt Romney. By little people, she meant Romney’s 47% – those not worth the bother. As President, the Mitt made clear, he will not be serving them.
By Pavlina R. Tcherneva
Presidential hopeful Mitt Romney boasts support from the scientific community for his supply-side trickle-down economic proposal. It is outlined here, along with the list of economists endorsing the plan.
Several Nobel Prize winners grace the top of the list. Here is a quick look at some of these luminaries and their contributions to some of the most pressing problems of our time. Continue reading
Posted in Pavlina R. Tcherneva
Tagged Employer of Last Resort, job guarantee, MMT, Modern Monetary Theory
A few weeks ago I called for a technocratic debate on the merits of the JG, relative to other fiscal policies. A number of bloggers took the charge but the debate was not immune to ideological biases, which proved the starting point of my piece that one cannot separate fact from theory or ideology (and by ideology I do not mean the derogatory use of the word, but that which signifies ‘ontology’ or a ‘world view’). What I didn’t expect is for friends and sympathizers to resurrect one particularly invidious charge we have long heard from MMT deniers, namely that MMT is pushing authoritarian policies.
Oh, boy. How did we even get here? I thought this was going to be a technocratic debate.
Comments Off on Pavlina Tcherneva – Bottom Up Fiscal Policy: Direct Employment of the Unemployed
Posted in Pavlina R. Tcherneva
Tagged job guarantee, unemployment
Comments Off on Pavlina Tcherneva on at Issue with Ben Merens
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Comments Off on Beyond Pump Priming
Posted in Pavlina R. Tcherneva
Tagged aggregate demand, long-term unemployment, pump priming
Ben Merens, of Wisconsin Public Radio’s At Issue, hosts Pavlina Tcherneva on how to address unemployment. Listen here.
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Posted in Pavlina R. Tcherneva
Comments Off on How I tracked down The Market
Posted in Pavlina R. Tcherneva
Tagged #econ4the99, market, occupy wall street, Pavlina R. Tcherneva
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