Search Results for: inflation

Secular Stagnation and Sacred Neoliberal Dogma

Posted on November 22, 2013 by | 9 comments

By Dan Kervick Brad DeLong doesn’t like what Clive Crook is saying about Larry Summers. According to DeLong: When Larry Summers said: Even a great bubble [first in high-tech and then in housing] wasn’t enough to produce any excess of aggregate … Continue reading →

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Posted in Dan Kervick

Bow down to the Bubble: Larry Summerian Endorses Bubbleonian Madness and Paul Krugman Embraces the Hansenian Stagnation Thesis*

Posted on November 21, 2013 by | 74 comments

By L. Randall Wray {*Sorry, I couldn’t resist. As many of NEP’s readers know, Michael Hudson has long advanced the argument that America’s policymakers have purposely created Bubbleonia—NOT to generate growth but rather to enrich the thieves at the top. … Continue reading →

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Is there an antinomy between a low-carbon future and Keynesian theory?

Posted on November 20, 2013 by | 29 comments

By Glenn Stehle In the comments section to my last post Thomas Bergbusch supplied a link to an outstanding series of posts published by a heterodox Canadian blog, The Progressive Economics Forum.  It deals with “A Staple Theory of Economic … Continue reading →

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Posted in Guest Blogger

Jackie Calmes’ “Dirty Secret” about the Opponents of Austerity is that they are Correct

Posted on November 19, 2013 by | 13 comments

By William K. Black Ms. Calmes is the New York Times’ White House correspondent.  Readers who follow finance and fraud may recall her as the object of an epic dismantling in Naked Capitalism.  The subject there was Calmes’ dismissive review … Continue reading →

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The Circular Logic Behind Scott Sumner’s Claim That the Fed’s Policy is Contractionary

Posted on November 17, 2013 by | 29 comments

By L. Randall Wray OK, I’m flabbergasted. I came across, and commented on, a piece by Scott Sumner a few days ago. (DID SCOTT SUMNER FIND MMT’S ACHILLES’ HEEL? ) He claimed he had proof MMT is wrong: if the … Continue reading →

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Talking Points for the 99% (Part 2)

Posted on November 14, 2013 by | 20 comments

By J.D. Alt [PART I] [PART II] (This is the working draft of a short, targeted eBOOK directed specifically at the millennials—the huge generation of energetic, creative, and cooperatively inclined young people who might, just maybe, rise up and demand … Continue reading →

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Irish Fish, and Banks, Rot from the Head

Posted on November 13, 2013 by | 1 comment

By William K. Black (Cross posted at Benzinga.com) I’m back from my annual purifying rite – participating in Kilkenomics IV in Kilkenny, Ireland.  It was a big success again this year, with dozens of sold out events in which economists … Continue reading →

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Talking Points for the 99% (Part 1)

Posted on November 13, 2013 by | 28 comments

By J.D. Alt  (This is the working draft of a short, targeted eBOOK directed specifically at the millennials—the huge generation of energetic, creative, and cooperatively inclined young people who might, just maybe, rise up and demand a new understanding of … Continue reading →

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DID SCOTT SUMNER FIND MMT’S ACHILLES’ HEEL?*

Posted on November 4, 2013 by | 63 comments

By L. Randall Wray *The title of this post was inspired from a post by Mike Sax. First an admission. I’m not really a blogger. I occasionally write pieces that somehow find their way onto blogs, but I rarely read or … Continue reading →

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Attention: Deficit Disorder and the Real Crisis Ahead

Posted on October 28, 2013 by | 16 comments

By Fadhel Kaboub* The ongoing political deadlock over the U.S. government deficit and the national debt is slowly digressing into one of the most devastating economic pains that a financially sovereign government can inflict on itself and on its own … Continue reading →

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