Bill Mitchell on the Austerity War
A number of people including myself have been furiously blogging for many months now on the world-wide austerity war that most Governments are fighting against the well-being of their citizens. The...
View ArticleWhy Do “They” Want To Limit Our Sovereignty In Our Own Currency?
One of the most emotional issues in American politics is the sovereignty of the United States itself, and its independence from foreign powers, interests, other nations and their ruling elites, and...
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The Fiscal Summit Counter-Narrative: Part One
(Cross-posted from Correntewire.com) 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...
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The Fiscal Summit Counter-Narrative: Part Two, Defining Fiscal Sustainability
(Cross-posted from Correntewire.com) Austerity / Household Tax protest. Photo by William Murphy. One of the most irritating things about the deficit hawk/austerity literature, is that it uses the ideas...
View ArticleThe Fiscal Summit Counter-Narrative: Part Three, Are There Spending...
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...
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The Fiscal Summit Counter-Narrative: Part Four, The Deficit, the Debt, the...
The neoliberal austerian ideology often emphasizes the consequences of excessive deficit levels, a high national debt, and a debt-to-GDP ratio. Among those supposed consequences are rapidly increasing...
View ArticleThe Fiscal Summit Counter-Narrative: Part Five, Inflation and Hyper-inflation
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 impossibility...
View ArticleThe Fiscal Summit Counter-Narrative: Part Six, Policy Proposals for Fiscal...
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 on...
View ArticleThe Fiscal Summit Counter-Narrative: Part Seven, Policy Proposals for Fiscal...
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 the...
View ArticleThe Fiscal Summit Counter-Narrative: Part Eight, Narrative and...
(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...
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