J. D. Alt: The New Poverty
“Community subsistence” as a way to address poverty on a broad-scale basis.
Read more...Category Archives: Macroeconomic policy
Crowdfunding Christmas: Time to Boycott It’s a Wonderful Life
How It’s a Wonderful Life sentamentalizes and reinforces the misguided policy idea that money is scarce and a private good.
Read more...Debunking Mainstream Economists on Secular Stagnation and the Loanable Funds Fallacy
An important, accessible takedown of the loanable funds theory, on which a ton of bad policy rests.
Read more...Larry Summers: Reagan’s Tax Plan Was Better Than Trump’s
Summers on inequality, the GOP tax plan, and US economic prospects.
Read more...Defining the Tax Reform Battleground
How tax “reform” policy discussions reinforced destructive economic ideas.
Read more...The DSGE Model Quarrel (Again)
Economists duke it out over a new defense of discredited but still widely used DSGE models.
Read more...Republicans Plan to Cut Food Stamps as Homelessness Rises in the US
Republicans want to take food out of children’s (and adults’) mouths by cutting food stamps. One likely result is an increase in homelessness.
Read more...Monetary Mental Illness
Puzzling over why more people don’t embrace Modern Monetary Theory.
Read more...Gaius Publius: Deficit Talk Is a Trap. Will Democrats Fall Into It?
The Democrats would join the Republicans in using deficits to justify cutting Medicare, Social Security, and other services. Don’t let them.
Read more...Artificial Intelligence and the Stability of Markets
AI may revolutionise risk management and financial supervision, but also threatens to destabilise markets and increase systemic risk.
Read more...Why Does the Euro Area Have Such Low Growth and High Unemployment?
Why has the Euro area not delivered on its economic promise?
Read more...If You Look Behind Neoliberal Economists, You’ll Discover the Rich: How Economic Theories Serve Big Business
The road to serfdom – sponsored by big business.
Read more...Michael Hudson: Socialism, Land and Banking: 2017 Compared to 1917
Why did socialism lose out in the 20th century to rentiers promoting neoliberalism?
Read more...Hy Minsky, Low Finance: Modern Money, Civil Rights, and Consumer Debt
MMT’s ultimate contribution to consumer finance is showing a world beyond the “Let Them Eat Debt or Let Them Eat Cash” approaches.
Read more...Jared Bernstein Shows the Costs of Not Understanding Sovereign Currencies
Jared Bernstein, like his fellow fauxgressives, endorses deficit hysteria instead of policies based on how our money system works.
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