Tag Archive for Mmt

Jack Lew: Avoiding Default Is Your Responsibility Too – New Economic Perspectives

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. With the end of the Summer break, now comes the return of the debt limit dance. From Treasury Secretary Jacob Lew’s letter to John Boehner: “Congress should act as soon as possible to protect America’s good credit…

The Buzz Over MMT – Stephanie Kelton – New Economic Perspectives

The blogosphere and Twittershpere are buzzing over today’s NYT article on Warren Mosler and the proponents of Modern Money (or Monetary) Theory (MMT). This isn’t the first time MMT has been featured by a high-profile mainstream media outlet (see here, here, here) and, as usual, there are some editorial inaccuracies.

Sorry Folks, Austerity’s Not Dead Yet! New Economic Perspectives

It makes a good headline; but it’s dangerous to say “austerity is dead,” just because new budget projections indicate that the deficit has already been cut by $200 Billion more than in previous projections, and because the Reinhart-Rogoff study has been debunked successfully, and, hopefully, irretrievably. Austerity will only be dead when legislators, Presidents, Prime Ministers, Central Bankers, and international lending organizations stop trying to implement it, whether or not they stop because deficits have already been cut.

Robert Reich has a Good Heart but an Inadequate Grasp of Economics – William K. Black

Robert Reich has a Good Heart but an Inadequate Grasp of Economics

By William K. Black (Cross posted from Benzinga.com) Robert Reich has written a column entitled “Why this is the Worst Recovery on Record.”  It’s an odd title because the article makes no reference to this being “the worst recovery on … Continue reading

Robert Reich has a Good Heart but an Inadequate Grasp of Economics

They’re Making Love to the Third Rail: What Are We Gonna Do About It? – Joe Firestone – New Economic Perspectives

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By Joe Firestone OK, the President has officially proposed the “chained CPI” cut to Social Security in opposition to what the heavy majority of American voters want him to do and in contradiction with promises he and…

Comparing Unemployment During the Great Depression and the Great Recession – William K. Black

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By William K. Black Barry Eichengreen’s and Tim Hatton’s January 1988 paper entitled “Interwar Unemployment in International Perspective” is a useful starting point for any effort to compare unemployment during the Great Depression and the Great Recession.…

A Plague on All Your Budgets – New Economic Perspectives

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By Joe Firestone The Sector Financial Balances Model: Domestic Private Balance + Domestic Government Balance + Foreign Balance = 0 is an accounting identity that provides a focus for macroeconomic analysis, explanation, and prediction by economists applying…

O’Donnell Thinks Krugman is “a lonely voice opposing austerity” because he listens to MSNBC – William K. Black

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By William K. Black On March 18, 2013, Lawrence O’Donnell stated that John Boehner’s admission that the U.S. faces no current debt crisis vindicated Paul Krugman, who O’Donnell described as “a lonely voice opposing austerity.”  It is…