J.D. Alt: Framing the Progressive Agenda
Thoughts on how to present progressive policies without triggering “you mean tax and spend” reflexes.
Read more...Category Archives: Macroeconomic policy
The True, Accurate, and Only Answer to “How *Exactly* Will We Pay for Medicare for All?”
Taking on the biggest, bogus excuse for not adopting Medicare for All.
Read more...Milton Friedman’s ” The Role of Monetary Policy” – 50 Years Later
Like it or not, Milton Friedman is still very much with us.
Read more...Stabilising the Real Economy Increases Average Output
This column summarizes research indicating that stabilizing the real economy raises the long-run level of output.
Read more...J.D. Alt: Fiat Money and Three Big Societal Challenges
How fiat money denialism, also know as austerity and deficit scaremongering, is undermining the public’s ability to tackle pressing challenges like climate change.
Read more...Monetary Policy and Fiscal Discipline: How the ECB Planted the Seeds of the Euro Area Crisis
How the ECB did Euro-area member states a dirty when it tried to act as deficit enforcer.
Read more...More Frequent Central Bank Communication Worsens Financial and Macroeconomic Forecasts
Too much communication from central banks to the market may be a problem, creating a cacophony of policy voices.
Read more...Money: The High Cost of Betrayal
The misrepresentation of how the US money system works is worse than mere economic malpractice, which is already pretty common.
Read more...Growth-Equity Trade-Offs in Structural Reforms
There is a fear that certain reforms could further exacerbate inequality….
Read more...The Free Market Threat to Democracy
Democracy is not under stress – it’s under aggressive attack, as unconstrained financial greed overrides public accountability.
Read more...Government Shutdown Once Again Shows the Lies Behind Deficit Hysteria
How the wealthy use deficit scaremongering to keep wages down and stave off calls for more investment and social spending.
Read more...Protests in Tunisia Over IMF-Promoted Policies….for Good Reason
Why the IMF’s standard prescription is a poor fit for Tunisia.
Read more...New Study Finds Cancelling Student Debt Provides Broad Economic Benefits at Low Cost
A new study out of Bard will no doubt produce a hissy fit among orthodox economists…assuming they don’t succeed in ignoring it instead In The Macroeconomic Effects of Student Debt Cancellation, Scott Fullwiler, Stephanie Kelton, Catherine Ruetschlin, and Marshall Steinbaum present a detailed examination of the costs of cancelling all student debt, public and private. […]
Read more...Answers from the MMTers
Serious Economist Jared Bernstein asked some questions about MMT. MMT thinkers Stephanie Kelton and Randy Wray.
Read more...Reclaiming the Tax: Foregrounding the Public Covenant
Rethinking the MMT rhetoric around tax….and implications for policy prescriptions.
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