contemporary American business and economic culture has a moral framework: neoliberalism. This framework is dependably orthogonal to the last 50,000 years of moral norms and traditions.
Read more...How the evolution of Western metaphysics repressed chartalist ideas that are the foundation of MMT.
Read more...A critique of the bad-model-induced fear-mongering over Italy’s proposed budget deficits
Read more...What could the European Commission do if it decided to discipline Italy for defying budget rules?
Read more...If poverty is falling, why you should still care about what happens to inequality.
Read more...A short history of MMT and and overview of core principles.
Read more...Steve Keen, author of Debunking Economics and one of the few economists to foresee the crisis, explains what is wrong with the discipline.
Read more...BIS chief economist Claudio Borio warns that central bankers have overdone the liquidity party, and investors are not being paid enough to take ris
Read more...Debunking the misconceptions about the role of debt of a currency issuer like the US or UK.
Read more...How “Green New Deal” proponents repeat the intellectual errors made by the critics of the 1970s Limits to Growth studies.
Read more...A reminder that the budgetary “paying for things” framing is a way to deny resources to citizens.
Read more...Follow the subsidies, and you will understand why we had the crisis and why not enough has been done to prevent a recurrence.
Read more...An in-depth look at Marriner Eccles’ ideas and policies, and how well they have withstood the test of time.
Read more...Central banks have not always been independent, inflation targeting bodies, and to treat them as such is to obscure their complex histories and alternative institutional constellations.
Read more...In their 21st-century role as counterparty/dealer/insurer of last resort, central bankers must not simply use their balance sheets indiscriminately to provide a liquidity backstop during the downturns. They must embrace this counterparty role as an umpire, rather than an enabler.
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