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Category Archives: public 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
“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
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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NC has a post up that takes Krugman to task for peddling outdated theories w.r.t. the trouble Argentina has experienced recently.
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
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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
The German austerians are at it again
Remember when the troika not so subtly put pressure on Greek voters before the latest elections – hinting that the loans would be cut off in case Syriza won and followed through on their campaign promises? Well, now that Berlusconi … Continue reading
Posted in austerity, debt, economic policy, election campaign, eurocrisis, media, oligarchy, public debt
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Paul Krugman on “The Japan Story”
Paul Krugman comments on Japan in the New York Times and makes a remark that I find very interesting. Two actually that have always kept me a bit worried when Bill Mitchell points out that constant, relatively high deficits, and … Continue reading
Mitchell’s economic prediction revisited
Bill Mitchell predicted in August that the idea of the then-current Japanese government to increase the VAT would shrink GDP while not doing anything to decrease deficits and public debt. GDP has shrunk in the second half of the year, … Continue reading
Posted in austerity, developed countries, economic policy, MMT, public debt
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The superdome construction couldn’t wait 90 days when the average Katrina victim waited months to years
Yahoo Sports has an article on how Robert Goodell did so much good for New Orleans’ American Football and should not be vilified for cracking down on the Saints for the “bounty” program. It’s just plain disgusting. To wit: Thornton … Continue reading
Posted in Hypocrisy, professional sports, public debt
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EMU member states are not “sovereign”
Just read an analysis of Stratfor on the European situation that was, as usual spot-on, in describing the goings-on, the points of contention, and the potential effects if the current policies are continued. Stratfor is firmly rooted in the current … Continue reading
Posted in austerity, debt, economic policy, eurocrisis, public debt
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Reality-based World View 