There’s a whole lot of stupid coming from the Australian government these days. This particular type of stupid isn’t your average stupid. It’s a maximum strength stupid that is produced when your average, run-of-the-mill stupid is no longer stupid enough to meet the needs of the Australian Treasurer. It is a sort of supernatural stupid.[…]
A few days ago, I wrote a scathing critique of about 3,500 words concerning orthodox economists as well as liberal elites. It is written as though you all came to my house for supper and listened to me discuss things in private. Thus, it wouldn’t be suitable for publication in a place such as Forbes.[…]
“This new learning amazes me, Sir Bedevere. Explain again how sheep’s bladders may be employed to prevent earthquakes.” – King Arthur Time for a brief lesson in Roman history. I promise that I will make it down to Earth and interesting for those of you who’ve no patience for the subject. It is important that[…]
Most of the public does not understand fiscal policy in the context of how national government spending works (taxation, deficit spending) and so, they also fail grasp what the purpose fiscal policy is. It is strange at best and totally frightening at its worst that people who follow politics as their main hobby have an[…]
Mitchell brings the hammer down on mainstream economists and those within the Post-Keynesian school who have tried to reestablish their credibility by distancing themselves from orthodox thought post GFC. Modern Monetary Theory – what is new about it? – Part 2 (long)
Mitchell brings the hammer down on mainstream economists and those within the Post-Keynesian school who have tried to reestablish their credibility by distancing themselves from orthodox thought post GFC. Modern Monetary Theory – what is new about it?
I really hate to explain things in such a childish manner, because, in part, I feel you will think that I am insulting you. I can assure you that is not my intent. It is the mainstream that is insulting you. I am merely trying to find ways to clean up the mess that politicians[…]
The Federal government of the United States is a currency-issuing government. This means that whenever it spends, it simply credits an account with its IOU, which is a number with a fancy “$” symbol. To type a number does not require one to have numbers on hand prior to typing it, nor does one require[…]
Pavlina Tcherneva discusses the Job Guarantee and explains why it is superior to a standalone universal basic income.
Corn. An amusing word if you say it a few times. Food. Another word that can be amusing too if said repetitively. “Food” is a generalised description of the things that humans eat to stay alive. The word “corn” simply narrows food down. It is a more precise description of one of those things we[…]