Category Archives: deficit spending

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

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NC has a post up that takes Krugman to task for peddling outdated theories w.r.t. the trouble Argentina has experienced recently.

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

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

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In neo-liberalism, it’s always the individual’s fault

There’s a post up at Telepolis in which the author contrasts neo-classical, Austrian and MMT-approaches to solving the current crisis. His diagnosis is that the problem is private over-indebtedness, which “paralyzes” individuals and banks and which needs to addressed “as … Continue reading

Posted in austerity, belief systems, debt, deficit spending, economic policy, macroeconomics, MMT, neo-liberalism, private debt, wealth distribution | Leave a comment

Randall Wray’s alternative meme for money

Randall Wray has a multi-part post up at New Economic Perspectives on “An alternative meme for Money”. The goal was to sketch a progressive, MMT-based meme. Especially in the beginning, I worried this might fail since the posts seemed to … Continue reading

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Is Open Democracy just a camouflaged propaganda tool?

Open Democracy is an infuriating site. On the one hand, they discuss important developments in the Middle East and North Africa, women’s issues, topics relating to democracy and mass media. On the other hand, they keep giving a propaganda platform … Continue reading

Posted in austerity, belief systems, debt, deficit spending, developed countries, neo-liberalism, private debt, public debt, standards of living, wealth distribution | Leave a comment