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Search Results for: inflation
Beware of Policies and Legislation Based on the Generational Accounting Scam
The Peter G. Peterson Foundation (PGPF) and its allied army of associated deficit hawks want the Congressional Budget Office (CBO), the General Accountability Office (GAO), and the Office of Management and Budget (OMB) to do fiscal gap accounting and generational … Continue reading
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Yes We Can Pay for Increasing Social Security Benefits
Some time ago, in the pages of USA Today, Duncan Black, better known to some as Atrios voiced the immediate need for increased Social Security benefits of 20% or more even if it means raising taxes on high incomes, or … Continue reading
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Germany Demands Greater Austerity Because Three Recessions in Six Years are not Enough
By William K. Black Things are going badly in the eurozone – as they have for six years due to Germany’s demand that “there is no alternative” (TINA) to austerity as the response to the Great Recession. Austerity caused a … Continue reading
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The New York Times Admits that “Many Economists” Criticize EU Austerity
By William K. Black Under the principle that one should bestow a special welcome on the tentative steps that the prodigal daughter takes to return to economic reality I write to praise Liz Alderman’s column entitled “France Produces a “No … Continue reading
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The New York Times’ Thinks the EU Can “Afford” Mass Unemployment but Not “More Government Spending”
By William K. Black Regular readers understand the three dynamics that drive economists crazy about the New York Times’ coverage of the troika’s infliction of austerity on the Eurozone. The troika consists of the European Central Bank (ECB), the International … Continue reading
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Rising Tides Lift All Yachts: Why the 1% Grabs all the Gains From Growth
By L. Randall Wray You’ve probably seen references to the work of my colleague (and former student), Pavlina Tcherneva in recent days. If not, take a gander at this: The NYT article includes links to her published article in the … Continue reading
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BANK of the COMMONS
By J.D. Alt We usually think of a Commons as a “territory” of resources which we, as individuals, share with other members of our local, regional, or national society. The tragedy of the Commons, famously, is a failure of that … Continue reading
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Real Fiscal Responsibility: What Chris Hayes Said
I’m interrupting my series on US Government Real Fiscal Responsibility since the Carter Administration to write about something Chris Hayes said relating to Real Fiscal Responsibility. Back in February of 2014, he tweeted: “If you can run a deficit to … Continue reading
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The BBC Hates Correa So Much that it cannot Restrain Itself
By William K. Black I was peacefully reading a BBC article on Ecuador’s plans to introduce a digital currency to bring banking services to the rural poor, when in the midst of the article the anonymous author decided to attack … Continue reading
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Real Fiscal Responsibility 5; Carter: Environmental Degradation
By Joe Firestone This, the fifth post in a series evaluating the fiscal responsibility/irresponsibility of the Governments of the United States (mostly the Congress, the Executive Branch, and the Federal Reserve) by Administration periods, beginning in 1977 to 1981 with … Continue reading
