Category Archives: economic policy

The Eurocrisis concisely laid out

Jörg Bibow does a great job under the heading “On the alleged pains of the strong Euro. He discusses the current predicament: ECB president Mario Draghi recently argued that the strengthening of the euro was partly responsible for the bank’s … Continue reading

Posted in austerity, deflation, economic policy, eurocrisis, macroeconomics | Leave a comment

Social Democrats – Gluttons for Punishment?

Sooooo, François Hollande ran on a left-of-center platform, promising raised taxes on very high incomes, increased public spending, stuff like this. He then proceeded to not do any of these things, because this would have meant confrontation with eurozone austerians, … Continue reading

Posted in democracy, economic policy, election campaign, eurocrisis | Leave a comment

Winners and Losers of “Free Trade”

NC has reposted a piece by Don Quijones about free trade and its repercussions. In light of the bullshit spouted about the current attempts at sharpening IP regulations, and weakening democracy in the fact of profit, it helps to time … Continue reading

Posted in "free trade", geostrategy, GMOs, standards of living | Leave a comment

Economics and Morality

NC has a relatively short but interesting post up, called Economics is Applied Morality: Utilitarianism is the moral foundation of economics. The idea of the greatest good for the greatest number is intuitively appealing. But applying a utilitarian framework relies … Continue reading

Posted in belief systems, economic policy, health care policy, wealth distribution | 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NC has a post up that takes Krugman to task for peddling outdated theories w.r.t. the trouble Argentina has experienced recently.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

The thirties all over again

Naked Capitalism gives some props to Flassbeck and in the comments one commenter shows himself I am troubled by the comment that public reaction to this crisis will be to move more to the right. Reality-based thinker that Flassbeck is, … Continue reading

Posted in democracy, eurocrisis, media | 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