Category Archives: debt

Jacobin both good and bad

I guess that I should really get a subscription, given how often I read JacobinMag nowadays. This morning, for instance, I read a piece where they point towards the role of the Netherlands as vanguard of everything that’s wrong in … Continue reading

Posted in belief systems, deficit spending, developed countries, health care policy, human rights, MMT, public debt | Leave a comment

That’s what you get when you hollow out the middle class

So, the supermarket chain Target closes down its Canada operation. CBC News discusses this further in an article titled “Middle class retailers dying a slow death: Don Pittis“. And, of course, in a move nobody should be surprised by, their … Continue reading

Posted in developed countries, private debt, standards of living, wealth distribution | Leave a comment

“Animal spirits” still rule speculation

VoxEU offers academica macroeconomic analyses that are a bit more nuanced than the bleating in the MSM. But often this nuance is not very impressive. Currently, there’s write-up of a paper online, titled Watch the indices! Derivatives and the Eurozone … Continue reading

Posted in eurocrisis, macroeconomics, MMT, public debt | Leave a comment

With friends like these…

NC has a post up that takes Krugman to task for peddling outdated theories w.r.t. the trouble Argentina has experienced recently.

Posted in deficit spending, developed countries, economic policy, inflation, public debt, standards of living | Leave a comment

RWER 66: “Modern Money Theory and New Currency Theory”

The Real World Economics Review issue 66 is out for a while already and includes a number of interesting, high-level papers. One of which I hoped for some additional clarification of MMT is titled “Modern Money Theory and New Currency … Continue reading

Posted in debt, macroeconomics, MMT, public debt, wealth distribution | Leave a comment

Trying to drive out the Devil with the Beelzebub

Naked Capitalism has a post up with the title “Ragnarok – Iceland and the ‘Doom of the Gods’”. Most days I am reading Naked Capitalism and New Economic Perspectives in parallel and while I know that there is only a … Continue reading

Posted in austerity, debt, deficit spending, democracy, developed countries, economic policy, macroeconomics, MMT, neo-liberalism, private debt, public debt, standards of living | Leave a comment

The headwinds of America

Ars Technica has a short post up reporting on a discussion about slowing US economic growth at a TED conference. The first speaker apparently characterized the problem thus: In his talk today, Gordon named four “headwinds” that confront the nation—demographics, … Continue reading

Posted in neo-liberalism, private debt, standards of living, wealth distribution | Leave a comment