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

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

Resistance and change doesn’t come from going along with the (neo-liberal) pack

I get a lot of E-mails that accuse me of being politically naive. The accusations were rekindled by yesterday’s blog – British labour lost in a neo-liberal haze. I imagine if I wrote a blog where I outlined support for … Read the rest of this entry »

Posted in Britain, Debriefing 101, Economics, UK Economy | 65 Comments

British labour lost in a neo-liberal haze

There was an exchange in the British House of Commons a few weeks ago (sitting on April 19, 2017), which really summarised why the Tories will win the British election and why Jeremy Corbyn has led the Labour Party there … Read the rest of this entry »

Posted in Britain, Debriefing 101, Demise of the Left, UK Economy | 19 Comments

MMT is what is, not what might be

One of the things I have noted with regularity is that readers and other second-generation Modern Monetary Theory (MMT) bloggers often fall into the error which we might characterise as the “When we have MMT things will be different” syndrome. … Read the rest of this entry »

Posted in Debriefing 101 | 46 Comments