Category Archives: Debriefing 101

These blogs provide debriefs to those who a beguiled by the false logic paraded as economic theory by mainstream (neo-liberal) economists

The New Keynesian fiscal rules that mislead British Labour – Part 3

This is Part 3 (and final) in the series which examines the robustness of claims made by two British academics about the desirability of the British government (particularly Labour) adopting further fiscal constraints on their flexibility to advance well-being in … Read the rest of this entry »

Posted in Britain, Debriefing 101, Fiscal Statements | 25 Comments

The New Keynesian fiscal rules that mislead British Labour – Part 2

This is Part 2 of my Three Part exposition of how the standard New Keynesian approach to the specification of fiscal rules will generate poor advice for politicians desiring to achieve progressive socio-economic goals. The paper I am using to … Read the rest of this entry »

Posted in Britain, Debriefing 101, Fiscal Statements | 25 Comments

The New Keynesian fiscal rules that mislead British Labour – Part 1

The British Labour Party is currently leading the Tories in the latest YouGov opinion polls (February 19-20, Tories 40 per cent (and declining), Labour 42 per cent (and rising). They should be further in front, given the disarray of the … Read the rest of this entry »

Posted in Britain, Debriefing 101, Fiscal Statements | 22 Comments

Planning public works – history has a lot to say if we listen properly

A few weeks ago, in my three part series answering questions about Modern Monetary Theory (MMT), I addressed the issue often raised about the fiscal policy emphasis in MMT, that it is difficult to time government spending injections to match … Read the rest of this entry »

Posted in Debriefing 101, Fiscal Statements, Job Guarantee, Reclaim the State, US economy | 20 Comments

An MMT response to Jared Bernstein – Part 3

This is the third and final part of my response to an article posted by American political analyst Jared Berstein (January 7, 2018) – Questions for the MMTers. In this blog I deal with the last question that he poses … Read the rest of this entry »

Posted in Debriefing 101, Fiscal Statements, Job Guarantee, US economy | 32 Comments

An MMT response to Jared Bernstein – Part 2

This is the second part of my response to an article posted by American political analyst Jared Berstein (January 7, 2018) – Questions for the MMTers. Part 1 considered the thorny issue of the capacity of fiscal policy to be … Read the rest of this entry »

Posted in Central banking, Debriefing 101, Fiscal Statements, US economy | 33 Comments

An MMT response to Jared Bernstein – Part 1

There was an article posted by American political analyst Jared Berstein yesterday (January 7, 2018) – Questions for the MMTers – which I thought was a very civilised exercise in engagement from someone who is clearly representative of the more … Read the rest of this entry »

Posted in Debriefing 101, Reclaim the State, US economy | 23 Comments

Reclaiming the State

On June 3, 1951, the Socialist International association was formed in London. It is still going. It is “a worldwide association of political parties, most of which seek to establish democratic socialism”. Its roots date back to the C19th (to … Read the rest of this entry »

Posted in Debriefing 101, Demise of the Left | 11 Comments

Travelling all day today but here is something to watch and listen to

I am travelling most of today and thus my usual blog will resume tomorrow. Yesterday, an interview that I did for RadioNZ (the public broadcaster) on Friday was aired on their popular Sunday Show. You can access the interview overleaf. … Read the rest of this entry »

Posted in Admin, Debriefing 101, New Zealand | 24 Comments

Humans are intrinsically anti neo-liberal

Over the course of my academic career and even outside of that I have often been regaled with the claim (as if it is science) that capitalism is the ‘natural’ system for humans because our nature biases us to competitiveness … Read the rest of this entry »

Posted in Debriefing 101, Economics | 49 Comments