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Search Results for: inflation
Economics could be a Science if More Economists were Scientists
By William K. Black (Cross posted at Benzinga.com) Raj Chetty has written an op ed in the New York Times designed to counter the abuse the Sveriges Riksbank (Sweden’s central bank) rightly received for its latest embarrassment. Economics does not … Continue reading
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Posted in William K. Black
Tagged accounting control fraud, Akerlof, nyt, raj chetty, scientific method
Solidarity and organized national purpose
By Glenn Stehle What drove that growth? Solidarity and organized national purpose. Americans worked together as a team during the war, and that solidarity continued into the postwar decades, behind an engaged and economically pro-active government. –DAN KERVICK, “Market Myths … Continue reading
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Obama Finally Fights GOP, Affirms a Role for Government, but Renews Threat to Shrink the US Economy
By Michael Hoexter As the US government shutdown was still in effect and the prospect of a debt default loomed, President Obama held an extraordinary and revealing White House press briefing on October 8th in which he clarified his then … Continue reading
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Dick Durbin Insults Everyone Else’s Intelligence About Social Security
By Joe Firestone Yesterday on Fox, Senator Dick Durbin said: WALLACE: I’m going to talk about ObamaCare on a second, but you’re not answering my question. Why does taxes — why do taxes have to be on the table? Why … Continue reading
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Posted in Joe Firestone
Tagged Austerians, austerity, austerity is dead, budget plans, budget projections, Campaign for the American Future, CBO projections, Chris Wallace, debt and deficits, Lake Research Partners, Medicare Solvency, MMT, modern money theory, platinum coin seigniorage, President Obama, progressives, Senator Dick Durbin, Social Security Solvency, Social Security Works
How to Talk About Debt and Deficits: Don’t Think of an Elephant*
By Stephanie Kelton Many economists (perhaps even those who agree with us) refuse to talk about the national debt and government deficits the way we do on this blog. Instead of boldly challenging the assertion that the U.S. faces a long-run … Continue reading
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Rugged Egalitarianism – Hope in the Ruins
By Dan Kervick As I write, American conservatism has gone mad: openly, disturbingly and resoundingly bats. There is no mistaking it. But the furious imprecations and cracked laughter of the lunatic conservatives echoing loudly down the halls of our sad … Continue reading
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Posted in Uncategorized
Inside Modern Money Theory: Our Route to Full Employment and No Debt
By Rollo Martins Cross Posted from PolicyMic.com America has a tool that millennials can — and should — use to trump all the negatives that are piling up at their doorsteps (the high unemployment, international competition, and all that college … Continue reading
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MINSKY DOES RIO: Notes from a Conference
By L. Randall Wray I recently returned from conference in Brazil jointly sponsored by the Levy Economics Institute, the Ford Foundation, and the Brazilian research group MINDS. It is part of a bigger project to take Hyman P. Minsky global. … Continue reading
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Yellen Needs to Tell the Politicians to Stop Failing
By Dan Kervick Evan Soltas is hoping that President Obama’s appointment of Janet Yellen signifies a new administration commitment to jobs and economic growth. Unfortunately, Soltas seems to be one of those folks who is convinced that our failures over … Continue reading
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Posted in Uncategorized
UPI Treats Monetary Fiction as Fact: Sows the Seeds of the GOP’s Efforts to Cause a Recession
By William K. Black In the course of researching yesterday’s column that explains why Tyler Cowen’s faux “hyper-meritocracy” endangers our world I read a number of articles discussing the Northwestern University study on the public policy views of the wealthy. … Continue reading
