What’s the Problem with Financialization?
Some of the analytical sleights of hand used to promote the ideology of financializatation.
Read more...Category Archives: The dismal science
“Fatally Flawed” Paper on HAMP Mortgage Program Gets Program Design Backwards, Botches Regression Analysis, Yielding Propagandistic Findings
How a new paper on HAMP manages, by not understanding the program. to whitewash it as well as promote financialization.
Read more...Video: An intro to MMT, as presented at September’s International MMT Conference in NYC
A very readable — or listenable — introduction to MMT, in plain language
Read more...Buried in “Hilariously Stupid” White House Attack on Socialism, An Accidentally Strong Argument for Medicare for All
Amid hysterical comparisons between Senator Bernie Sanders and Mao Zedong, the Council of Economic Advisers unwittingly makes a solid case for socialist policies.
Read more...How to Destroy Neoliberalism: Kill ‘Homo Economicus’
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...Money, the Shape of Law, MMT, and Aesthetics
How the evolution of Western metaphysics repressed chartalist ideas that are the foundation of MMT.
Read more...Why Hysteria Over the Italian Budget Is Wrong-Headed
A critique of the bad-model-induced fear-mongering over Italy’s proposed budget deficits
Read more...Italy’s New Fiscal Plans: The Options of the European Commission
What could the European Commission do if it decided to discipline Italy for defying budget rules?
Read more...Inequality Represents a Wasted Opportunity for Poverty Reduction
If poverty is falling, why you should still care about what happens to inequality.
Read more...Randy Wray: Modern Monetary Theory – How I Came to MMT and What I Include in MMT
A short history of MMT and and overview of core principles.
Read more...Steve Keen: How Economics Became a Cult
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...The Bank of International Settlement’s Claudio Borio, Who Warned About the Crisis, Says the World Economy Is About to Get Very Sick
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...Why the Public Debt Should Be Treated as an Asset
Debunking the misconceptions about the role of debt of a currency issuer like the US or UK.
Read more...Why the “Green New Deal” Is a Headfake
How “Green New Deal” proponents repeat the intellectual errors made by the critics of the 1970s Limits to Growth studies.
Read more...J.D. Alt: Paying for Hurricanes
A reminder that the budgetary “paying for things” framing is a way to deny resources to citizens.
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