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Monthly Archives: August 2012
Bill Mitchell on the empirical falseness of supply-side unmployment measures
The main underlying idea of supply-side unemployment measures is that the average (potential) employee looks at wages he can earn working, the unemployment support (welfare) that the government is paying, and then decides that the wage is too low to … Continue reading
It seems France is less neo-liberal and this bothers opinion makers in Germany
I have to admit that I used to be embarrassingly uninformed about the political situation in France, something that has been remedied a bit in the recent past. I have a good grasp of the deplorable state of German politics … Continue reading
If there’s a gun in the house, you’re more likely to be a victim of homicide
I find this a surprising and somewhat counterintuitive find: Among other things, that work revealed that people living in homes where there was a gun faced a 2.7-fold greater risk of homicide (A. L. Kellermann et al. N. Engl. J. … Continue reading
An economic prediction
I usually hold the mainstream’s feet to the fire but today, I have something different. An economic prediction by Bill Mitchell: Last week (August 10, 2012) the Japanese Parliament approved a bill to double the sales tax (from 5 per … Continue reading
No, the older generation is NOT living at the expense of the young (or: yet another Spiegel hit piece)
What’s left after you have laid blame of the current crisis at the feet of the poor and unemployed, those lazy Southerners (i.e. foreigners), and “greedy bankers”? Exactly, Divide et Impera: young vs old: People vs. banks, north vs. south, … Continue reading
Martin Robbins from the African Propaganda Trail
Martin Robbins has a series at the Guardian right now, titled “Lessons from Africa’s propaganda trail” and the fourth entry is out. It’s the most cynical so far: Mark recorded a video of the greeting we received, shot moments after … Continue reading
Stratfor’s latest discussion of the eurocrisis
When Stratfor was hacked last year, insult was quickly added to injury when different people weighed in, judging them for their business model of selling their information and analyses to governments and business people, claiming that they didn’t have the … Continue reading
Posted in developed countries, economic policy, eurocrisis, media
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Another one from the “the more I read” category
Bill Mitchell had bandied the name Kalecki around in the past but I had been (and to a certain degree still am) to overwhelmed to actually look him up. So here’s Kalecki from 60! years ago (emphasis mine): The reasons … Continue reading
Posted in economic policy, macroeconomics, oligarchy
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Originally posted on Real-World Economics Review Blog:
from David Ruccio Percent of Income Earned by Top 0.1 Percent of Taxpayers source (missing years reflect lack of current data)
Posted in Uncategorized
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Originally posted on Real-World Economics Review Blog:
from David Ruccio source* In the midst of the Second Great Depression, mainstream economists continue to heap scorn on one another concerning the relative merits of their “screw-the-unemployed” monetary-policy-has-no-effect and “hydraulic Keynesian” IS-LM-in-the-liquidity-trap…
Posted in Uncategorized
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