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These are the most recent diaries filed under this tag:
The only thing worse than forgetting history is misremembering it. Getting your history wrong can cause important mistakes. For instance, people wonder why Germany is so insistent on austerity ...
by gjohnsit
Comment Count 25 comments on Tue Mar 10, 2015 at 12:54 PM PDT with 22 Recommends
Ukraine's losses on the battlefield may be the least of its worries. Ukraine's economy, already a basketcase, may be about to completely collapse . Policy makers in Kiev banned banks from ...
by gjohnsit
Comment Count 120 comments on Wed Feb 25, 2015 at 09:56 AM PST with 30 Recommends
As we begin to engage in another round of deficit hysteria, it's helpful to remember that the notion that balancing the budget will help the economy is possibly the most widespread and most harmful ...
by thereisnospoon
Comment Count 20 comments on Fri Oct 11, 2013 at 03:33 PM PDT with 21 Recommends
(Too high) Spending is not the problem. Instead, (Too low) Spending (&Austerity) is! Spending is not the problem! At least not in the sense that Republicans are claiming . The real problem is that ...
by aguadito
Comment Count 27 comments on Sun Feb 10, 2013 at 11:37 PM PST with 6 Recommends
Okay, admittedly, the title is purposely provocative. Depending on how you define “bond vigilante”, and what government bond market you're talking about, they actually very much do exist. But ...
by aguadito
Comment Count 29 comments on Mon Feb 04, 2013 at 05:09 AM PST with 39 Recommends
I need to get these notes down on record before I go on what may later look like an incoherent rant, because I'm so sick and tired of the lying austerian liars and the faux experts who they use as ...
by aguadito
Comment Count 125 comments on Tue Jan 29, 2013 at 10:23 AM PST with 98 Recommends
Introduction MSM bloggers and cable hosts weren't alone in creating the new wave of posts and video segments on Platinum Coin Seigniorage (PCS) at the beginning of December. The blogosphere also ...
by Letsgetitdone
Comment Count 6 comments on Mon Dec 31, 2012 at 10:14 AM PST with 8 Recommends
The most frequent objections to proposals that we use Platinum Coin Seigniorage (PCS) to create reserves for debt repayment and deficit spending, frequently come back to inflation. Perhaps people can'
by Letsgetitdone
Comment Count 10 comments on Mon Dec 17, 2012 at 06:30 AM PST with 6 Recommends
(Author's Note: This is the concluding post in an eight part series on the counter-narrative to the austerian/deficit hawk/long-term deficit reduction approach to fiscal policy that is dominant in ...
by Letsgetitdone
Comment Count 1 comments on Mon Jun 25, 2012 at 07:49 AM PDT with 3 Recommends
My last post covered the Session 5 presentations of Professors L. Randall Wray and Pavlina Tcherneva to the Fiscal Sustainability Teach-In Counter-Conference. The subject of both presentations was ...
by Letsgetitdone
Comment Count 3 comments on Sat Jun 16, 2012 at 06:30 AM PDT with 2 Recommends
The way we designed the program of the Fiscal Sustainability Teach-In Counter-Conference, was to introduce the fundamental ideas of Modern Monetary Theory (MMT) in the first three presentations ...
by Letsgetitdone
Comment Count 9 comments on Fri Jun 15, 2012 at 03:49 AM PDT with 3 Recommends
One of the raps on deficit spending in neoliberal circles is that it will trigger substantial inflation or hyper-inflation. Even when mainstream economists grant the MMT point about the ...
by Letsgetitdone
Comment Count 3 comments on Tue Jun 05, 2012 at 04:20 PM PDT with 3 Recommends
(Author's Note: The full title of this peace is: "The Fiscal Summit Counter-Narrative: Part Four, The Deficit, the Debt, the Debt-To-GDP Ratio, the Grandchildren, and Government Economic Policy") ...
by Letsgetitdone
Comment Count 12 comments on Wed May 30, 2012 at 08:14 AM PDT with 4 Recommends
An issue at the core of all the fuss about fiscal sustainability is Government solvency. The deficit hawks and doves believe that Governments sovereign in their own currency can run out of money if ...
by Letsgetitdone
Comment Count 9 comments on Wed May 23, 2012 at 06:30 AM PDT with 5 Recommends
One of the most irritating things about the deficit hawk/austerity literature, is that it uses the ideas of “fiscal sustainability” and “fiscal responsibility” in an ideological way, without ...
by Letsgetitdone
Comment Count 1 comments on Wed May 16, 2012 at 03:53 PM PDT with 5 Recommends
Print and send every us citizen a hundred thousand dollars. With a population at about 314,000,000 that would take about 30 trillion newly printed dollars. Hyperinflation in the future? Probably ...
by dov12348
Comment Count 27 comments on Sat May 12, 2012 at 06:28 AM PDT with 1 Recommend
Well, it's Springtime in DC. Time for the Peter G. Peterson Foundation's annual event. The Fiscal Summit, to be held on May 15, better named the Fiscal Cesspool of distortions, half-truths and lies, ...
by Letsgetitdone
Comment Count 4 comments on Fri May 11, 2012 at 06:30 AM PDT with 6 Recommends
This is the third and last installment of a critical review of Dean Baker's second reaction to the debate kicked off by the WaPo's piece on Modern Monetary Theory , written by Dylan ...
by Letsgetitdone
Comment Count 3 comments on Thu Mar 01, 2012 at 06:30 AM PST with 5 Recommends
This is the second installment of a critical review of Dean Baker's second reaction to the debate kicked off by the WaPo's piece on Modern Monetary Theory , written by Dylan Matthews. ...
by Letsgetitdone
Comment Count 6 comments on Wed Feb 29, 2012 at 02:29 PM PST with 3 Recommends
Dean Baker added to his previous discussion on MMT in a second post in reply to some of the comments on his first one . He begins by implying that the comments didn't persuade him that MMT is ...
by Letsgetitdone
Comment Count 1 comments on Wed Feb 29, 2012 at 08:04 AM PST with 5 Recommends