Search Results for: inflation

Neoliberal Mythologies

By Dan Kervick It’s hard enough for ordinary citizens to keep up with the routine crony rackets the American plutocracy runs with their lackeys in Washington to rob us blind and lock us in the neo-feudal cages they are trying … Continue reading

More Austerity Advice From the Very Rich: Buffett On Deficits!

By Joe Firestone Warren Buffett’s recent op-ed in the New York Times is making a stir because it calls for a minimum tax on high incomes above $One million annually. But I was much more interested in some deficit targeting he … Continue reading

The Bank of Canada Governor is Wrong on Too Big To Fail and Wrong on Canada’s Banking System

By Marshall Auerback As a Canadian, perhaps I should feel a surge of patriotic pride now that Mark Carney has been designated the new head of the Bank of England – quite a step up for the current governor of … Continue reading

Two Ideas for Promoting Multi-Sectorial Analysis

By Thornton (Tip) Parker This discussion goes beyond MMT and MS, and advocates of those ideas may or may not agree.  Much written here is prefaced with “I think”. Wealth and income concentration:  The claim that money in the hands … Continue reading

Stop Using Obama for America Against the People!

By Joe Firestone Obama for America, the campaign apparatus with the very large e-mailing list and great segmentation techniques that exploited Romney’s weaknesses to help the President to eke out (yes, I know the electoral vote involved no “eking out,” … Continue reading

Trigger Mechanisms To Avoid the Fiscal Cliff? You’re Kidding, Right?

By Joe Firestone Robert Reich has been writing a series on “the Grand Bargain” and the “fiscal cliff.” In this post, I’ll do a commentary on his “The President’s Opening Bid on a Grand Bargain (II): Put a Trigger Mechanism in … Continue reading

Dear Mr. Obama, the “Grand Bargain” is neither Grand…nor a Bargain

By Michael Hoexter Dear Barack, Congratulations on your recent electoral victory and the hard work that you and your team put into that effort.  You defeated an opponent, formidable not so much from the point of view of his political … Continue reading

The Fiscal “Cliff” and the Real Problem

By Joe Firestone Like many others, I’m not worried about the so-called fiscal “cliff,” and the ravages to the economy that are likely to occur if Congress doesn’t do something about it before the end of the year. That’s because … Continue reading

Missing Link in Tax Overhaul

By J. D. Alt In Tuesday’s Wall Street Journal (Capital Journal, Looking Past Fiscal Cliff to a Genuine Tax Overhaul) Gerald Seib lays out a very sensible argument about why the U.S. tax code needs to be rewritten “for the … Continue reading

An MMT Fiscal Responsibility Narrative: Some Truths After A Second Crowd Sourcing Revision

By Joe Firestone Many MMT posts and other writings on fiscal responsibility, including my own, focus on the myths of neoliberalism, pointing out why they are myths and developing an alternative MMT perspective in some detail. Off  hand, and I … Continue reading