Search Results for: inflation

Without an Effective Macroethics, Our Civilization is Doomed

Posted on March 14, 2013 by | 31 comments

By Michael Hoexter In a previous post, I outlined how leaders in positions of political power, especially at the national level, are chosen to fulfill a unique ethical role, that differs from that which is appropriate for private individuals and … Continue reading →

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Government Debt and Deficits Are Not the Problem. Private Debt Is.

Posted on March 13, 2013 by | 16 comments

By Michael Hudson (Remarks by Prof. Michael Hudson at The Atlantic’s Economy Summit, Washington DC, Wednesday, March 13, 2013) There are two quite different perspectives in the set of speeches at this conference. Many on our morning panels – Steve Keen, William … Continue reading →

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What is Modern Monetary Theory, or “MMT”?

Posted on March 11, 2013 by | 109 comments

By Dale Pierce Introduction Modern Monetary Theory is a way of doing economics that incorporates a clear understanding of the way our present-day monetary system actually works – it emphasizes the frequently misunderstood dynamics of our so-called “fiat-money” economy. Most … Continue reading →

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“Fixing the Debt Without Breaking America” now available

Posted on March 5, 2013 by | 55 comments

NEP’s Joe Firestone has just published a kindle book  timed to coincide with the arrival of the sequester deadline. The book, Fixing the Debt without Breaking America: Austerity, the Trillion Dollar Coin, and Ending Debt Ceiling, Sequester, and Budgetary Crises, consists of … Continue reading →

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Sequestration – Fourth Austerity Shoe Drops

Posted on March 5, 2013 by | 6 comments

Latest segment from The Black Financial and Fraud Report at theRealNews.com REAL NEWS NETWORK — “Welcome back to the Real News Network. I’m Paul Jay in Baltimore. And welcome to this week’s edition of The Bill Black Financial and Fraud … Continue reading →

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Six “Facts” On Our Debt: Corrections to Robert Solow’s Op-Ed

Posted on February 28, 2013 by | 14 comments

By L. Randall Wray In yesterday’s NY Times, Nobel winner Robert Solow tackled the US debt debate, proclaiming that while it is a serious issue, many Americans are not aware of the facts. Solow is a “neoclassical synthesis” Keynesian, the … Continue reading →

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Reinventing Government: the 1995 Speeches announcing the Road to Ruin

Posted on February 20, 2013 by | 12 comments

By William K. Black (Cross posted at Benzinga.com) Introduction to the “Reinventing Government” movement Anyone who has worked for a large government or firm knows their tendency to be bureaucratic.  Everyone has had the experience of dealing with bureaucratic mentalities, … Continue reading →

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Via Government’s Fiscal Policy and Regulatory Oversight, Ethical Values Shape Monetary Value

Posted on February 18, 2013 by | 32 comments

By Michael Hoexter There is no unified theory in our popular understanding of value: there are the market values of goods and then there are our “values” which we consider to be some of the most personal and even sacred … Continue reading →

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Blinder Leading the Blind

Posted on February 17, 2013 by | 43 comments

By Dan Kervick The establishment’s debt and deficit hawks have taken flight once again, this time to launch a counterassault against Paul Krugman’s sensible and increasingly successful campaign to get people to stop clutching their pearls over the federal budget … Continue reading →

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Martin Wolf: “Lord Turner Thinks the Unthinkable”

Posted on February 14, 2013 by | 27 comments

By John Lounsbury (Cross posted from econintersec.com) February 13th, 2013 Paul Kasriel alerted me in an email this morning to check out Martin Wolf’s column today (13 February 2013) in the Financial Times.  Wolf’s title:  “A case to reset basis of … Continue reading →

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