Search Results for: inflation

Why Don’t People Want Full Employment? Michal Kalecki’s 1943 Essay on Politics and Ideology

Posted on August 1, 2012 by | 25 comments

By Michal Kalecki* I 1. A solid majority of economists is now of the opinion that, even in a capitalist system, full employment may be secured by a government spending programme, provided there is in existence adequate plan to employ … Continue reading →

25 Comments

Posted in Uncategorized

Tagged ,

Neoliberal Supply Side versus Keynesian Demand Side Approaches to Unemployment

Posted on July 30, 2012 by | 64 comments

By L. Randall Wray Excellent piece up by Bill Mitchell on the Neoliberal “work for the dole” scheme (called the Community Action Programme). Neoliberals first throw millions of workers out of their jobs with fiscal austerity. (Note: the UK is … Continue reading →

64 Comments

Posted in L. Randall Wray

Tagged ,

Nostradamus and the Euro

Posted on July 29, 2012 by | 12 comments

L. Randall Wray Let’s end the debate about who was first to predict the Euro disaster: Nostradamus. When I was in high school we discovered Nostradamus while goofing around in the library. Man, that guy was prescient!  The book included … Continue reading →

12 Comments

Posted in L. Randall Wray

Tagged ,

The Right’s Schadenfreude as their Austerity Policies Devastate Europe

Posted on July 27, 2012 by | 10 comments

By William K. Black This column was prompted in part by reading RJ Eskow’s column, which alerted me to Anne Applebaum’s September 13, 2010 column celebrating Britain’s embrace of austerity and the Conservative Party. I was already planning a piece … Continue reading →

10 Comments

Posted in William K. Black

Want Jobs? Forget the Fed!

Posted on July 25, 2012 by | 46 comments

By Dan Kervick Matt Yglesias beats a dead monetarist horse – the same defunct nag whose flogged and forlorn carcass should have been cremated years ago – by again seeming to pin the chief responsibility for attacking unemployment on the … Continue reading →

46 Comments

Posted in Dan Kervick

Tagged , , ,

Who is Steven Krystofiak

Posted on July 16, 2012 by | 3 comments

By William K. Black “My name is Steven Krystofiak, President of the Mortgage Brokers Association for Responsible Lending.”  That is how Krystofiak began his written statement to the Federal Reserve concerning mortgage fraud.  It is a follow-up to his oral … Continue reading →

3 Comments

Posted in William K. Black

Tagged , , , ,

What Do You Want For America

Posted on July 13, 2012 by | 42 comments

By Thornton Parker People who understand how this country’s financial system works know the American dream doesn’t have to die.  They know why the federal budget is not like a family’s budget or the budgets of companies and states.  They … Continue reading →

42 Comments

Posted in Uncategorized

Tagged ,

A Communication from Your Central Bank

Posted on July 10, 2012 by | 55 comments

By Dan Kervick Nick Rowe recently argued that there can be certain types of products for which the market might allow multiple equilibria.  This can happen because the willingness of an individual to buy some product might depend on how … Continue reading →

55 Comments

Posted in Dan Kervick, MMT, Modern Monetary Theory

MMT, The Euro and The Greatest Prediction of the Last 20 Years

Posted on July 8, 2012 by | 4 comments

By L. Randall Wray Lest you think NEP is tooting its own hyperbolic horn a bit too much, I borrowed the title of this post from a 2011 piece written by someone who is currently hostile to MMT even though … Continue reading →

4 Comments

Posted in L. Randall Wray

The Mixed Economy Manifesto – Part 4

Posted on July 2, 2012 by | 1 comment

By Michael Hoexter, Ph.D.  [Part 1 is posted here; Part 2 is posted here; Part 3 is posted here]  The Anti-Keynes Revolt Against the Keynesian consensus of the WWII era and afterwards, there remained marginalized economic schools that held to … Continue reading →

1 Comment

Posted in Michael Hoexter

Tagged , , ,