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Search Results for: inflation
Fiscal Summit Counter-Narrative: Part One
By Joe Firestone Well, it’s Springtime in DC. Time for the Peter G. Peterson Foundation’s annual event. The Fiscal Summit, to be held on May 15, better named the Fiscal Cesspool of distortions, half-truths and lies, is a propaganda extravaganza … Continue reading
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Posted in Uncategorized
Tagged Austerians, Bowles-Simpson, Catfood Commission, David Walker, Fiscal Reform, Fiscal Responsibility, Fiscal Summit, Fiscal Sustainability, Fiscal Sustainability Teach-In Counter-conference, hyperinflation, inflation, joe firestone, MMT, Modern Monetary Theory, Peterson Foundation
Why Progressive Austerians do the Greatest Damage
By William K. Black To many people, it seems paradoxical that conservatives target not the worst social programs, but the best. There is no paradox. Bad government programs are desirable from the right’s perspective – they discredit government intervention. Good … Continue reading
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Posted in William K. Black
Tagged Austerians, austerity, Austerity Doctrine, progressives, TINA
The (Semantic) Problem with MMT: An Exercise in Framing
By J.D. ALT My wife is no longer speaking to me. She got angry—hysterically angry—over MMT. This caught me off guard. I could not understand it. She was on the verge of throwing her wine glass across the patio. She … Continue reading
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Will the New York Times’ Reporters ever admit that European Austerity is the Problem?
By William K. Black The New York Times’ reporters covering Europe’s financial, social, and political crises continue to channel Berlin and demonstrate an ignorance of economics so profound that it rivals the Wall Street Journal’s editorial writers and columnists. On … Continue reading
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Today Germany is the Big Loser, Not Greece
By Marshall Auerback Given the German electorate’s long standing aversion to “fiscal profligacy” and soft currency economics (said to lead inexorably to Weimar style hyperinflation), one wonders why on earth Germany actually acceded to a “big and broad” European Monetary Union … Continue reading
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Playing Monopolis Monopoly: An inquiry into why we are making ourselves so miserable
By J. D. Alt Why does it seem like there isn’t enough money to pay for the things we really need? The headlines are filled with stories about our nation’s “debt problem” and dire warnings about our impending “bankruptcy.” As … Continue reading
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Quantitative Easing and Commodity Prices: An MMT Approach
By Payam Sharifi The author is currently pursuing his Ph.D. in Economics and Public Administration at the University of Missouri – Kansas City One of the most common observations I make as I frequent the comments section of MMT blogs … Continue reading
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Posted in Uncategorized
Tagged commodity prices, ELR, JG, MMT, Modern Monetary Theory, payam sharifi, quantitative easing
Paul Krugman’s Economic Blinders
By Michael Hudson Paul Krugman is widely appreciated for his New York Times columns criticizing Republican demands for fiscal austerity. He rightly argues that cutting back public spending will worsen the economic depression into which we are sinking. And despite … Continue reading
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Posted in Uncategorized
The Mania for Fiscal Austerity, “Hard Money” Ideology, and Reification of the Money Signifier
By Michael Hoexter The economic ideology of fiscal austerity, i.e. cutting government spending as a virtue in itself, which threatens to tear apart civilization as we know it, has been sweeping through elites and right-wing groups in America and Europe. … Continue reading
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New York Times Reporters Embrace the Berlin Consensus and Ignore Krugman and Economics
By William K. Black The New York Times’ coverage of the euro zone crisis continues to exhibit two related flaws. First, it is overwhelmingly written from the German perspective – the Berlin Consensus that is driving the crisis. Second, it … Continue reading
