Tag Archives: austerity

“Fixing the Debt Without Breaking America” now available

Posted on March 5, 2013 by Devin Smith | 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 reorganized content from Joe’s blogs plus three completely new chapters. You can follow this link to get a copy.

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Posted in Joe Firestone

Tagged austerity, debt ceiling, MMT, Modern Monetary Theory, national debt, sequestration, Trillion Dollar Coin

Sequestration – Fourth Austerity Shoe Drops

Posted on March 5, 2013 by Devin Smith | 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 Report. [Professor] Black now joins us from Kansas City, Missouri. Bill’s an Associate Professor of Economics & Law at the University of Missouri-Kansas City. He’s a white-collar criminologist, a former financial regulator. He is the author of the book, The Best Way to Rob a Bank Is to Own One.

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Posted in William K. Black

Tagged austerity, MMT, Modern Monetary Theory, sequestration

Stephanie Kelton and the Sequestration on UP with Chris Hayes

Posted on March 3, 2013 by Devin Smith | 51 comments

Stephanie appeared on UP with Chris Hayes this morning (3/3/13) discussing the sequestration. You can view the program by clicking this link or the image below.

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Posted in Stephanie Kelton

Tagged austerity, Chris Hayes, sequestration

Representative Conyers needs our Support to Kill the Sequestration’s Austerity

Posted on March 1, 2013 by Devin Smith | 27 comments

By William K. Black

We have been strangling the economic recovery through economic incompetence – and worse is in store because President Obama continues to embrace (1) the self-inflicted wound of austerity, (2) austerity primarily through cuts in vital social programs that are already under-funded, and (3) attacking the safety net by reducing Social Security and Medicare benefits. The latest insanity is the Sequester – the fourth act of austerity in the last 20 months. The August 2011 budget deal caused large cuts to social spending. The January 2013 “fiscal cliff” deal increased taxes on the wealthy and ended the moratorium on collecting the full payroll tax. The Sequester will be the fourth assault on our already weak economic recovery. We have a jobs crisis in America – not a government spending crisis and the cumulative effect of these four acts of austerity has caused a certainty of weak growth and a serious risk that we will throw our economy back into recession. The Eurozone’s recession – caused by austerity – greatly adds to the risk to our economy because Europe remains our leading trading partner.

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27 Comments

Posted in William K. Black

Tagged austerity, Conyers, sequester

The Sequester Is Awful And Obama Didn’t Even Try To Stop It

Posted on February 26, 2013 by Devin Smith | 31 comments

NEP’s William Black appears on Daily Ticker with Henry Blodget. With two days to go before “sequestration” chops an indiscriminate $85 billion out of Federal government spending, the blame game has reached a fever pitch. Bill explains it is dumb economics and some of the short term impacts of the sequester.

You can view the episode at this link. (Sorry no embedding Yahoo videos)

[Yahoo was having technical difficulty – if video is not Henry and Bill, click image of House of Representatives to immediate right of Richard Branson beneath video.]

31 Comments

Posted in William K. Black

Tagged austerity, deficit, MMT, Modern Monetary Theory, sequestration

Why Italy’s Election Has Caused Global Markets to Crater

Posted on February 26, 2013 by Devin Smith | 1 comment

NEP’s William Black appears on Daily Ticker with Henry Blodget. The election in Italy moved markets around the world. Blodget gets an explanation from Bill why Italy has such an impact.

You can view the episode at this link. (Sorry no embedding Yahoo videos).

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Posted in William K. Black

Tagged austerity, eurozone crisis, Financial crisis, Italy, MMT, Modern Monetary Theory

Why Obama Refuses to Kill the Sequester

Posted on February 25, 2013 by Devin Smith | 27 comments

By William K. Black
(Cross posted at Benzinga.com)

We are in the midst of the blame game about the “Sequester.” I wrote last year about the fact that President Obama had twice blocked Republican efforts to remove the Sequester. President Obama went so far as to issue a veto threat to block the second effort. I found contemporaneous reportage on the President’s efforts to preserve the Sequester – and the articles were not critical of those efforts. I found no contemporaneous rebuttal by the administration of these reports.

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27 Comments

Posted in William K. Black

Tagged austerity, blame game, MMT, Modern Monetary Theory, obama, sequester

Ecuador Chooses Stimulus over Austerity

Posted on February 17, 2013 by Devin Smith | 7 comments

NEP’s William Black appeared on The Real News , February 17, 2013, discussing how Ecuador has been dealing with the recession, and some of the things we can learn from it. You can view the video below or if you wish to view the video as well as the transcript posted at TRNN, you can click this link.

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Posted in William K. Black

Tagged austerity, correa, ecuador, MMT, Modern Monetary Theory, stimulus

Dan Kervick Talks with Arnie Arnesen about Austerity, Jobs and Public Enterprise

Posted on February 7, 2013 by Dan Kervick | 5 comments

By Dan Kervick

I appeared today on The Attitude with Arnie Arnesen. The main topic of discussion was my recent NEP post “The Dangerous Collapse of Public Enterprise.” We talked about the loss of jobs in the government sector, the role of government enterprise and employment in our economy, the ongoing Washington obsession with austerity, and the strategy of disaster capitalism. My segment comes at about halfway through the first hour, following the Bachman Turner Overdrive “Taking Care of Business” introduction . Have a listen!

The Attitude

The Attitude is broadcast from WHNH 94.7 in Concord, New Hampshire

Follow @DanMKervick

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Posted in Dan Kervick

Tagged Austerians, austerity

Framing Platinum Coin Seigniorage: A Working Document

Posted on February 5, 2013 by Devin Smith | 9 comments

By Joe Firestone

Jack Foster proposed a framing document for High Value Platinum Coin Seigniorage, in a recent comment he made on one of my posts. In response, I posted a six-part blog series to accommodate readers who prefer the blog format.

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