Category Archives: Friends like this

The blogs under this category examine faux arguments put forward by so-called progressives.

The UK recovery is a false dawn

A few weeks ago (October 1, 2014), I wrote in this blog – British economic growth shows that on-going deficits work – that the British Chancellor was overseeing an expanding fiscal deficit and public debt ratio, which despite the rhetoric … Read the rest of this entry »

Posted in Friends like this, UK Economy | 19 Comments

MMT – lacks a political economy?

There was a ‘Guest Editorial’ published on the UK site Renewal last week – Modern money and the escape from austerity – by one Joe Guinan, who lists himself as a Senior Fellow at The Democracy Collaborative and Executive Director … Read the rest of this entry »

Posted in Debriefing 101, Economics, Friends like this | 22 Comments

When you’ve got friends like this – Part 11

I received two E-mails yesterday informing me that at the upcoming NSW State Labor Conference (this weekend) the delegates would be asked to vote for the inclusion of a Federal Job Guarantee, along the lines that I have been working … Read the rest of this entry »

Posted in Friends like this, UK Economy | 19 Comments

If you think you know what ‘debt’ is, read on

The title is stolen from the UK Guardian article (July 29, 2013) – If you think you know what ‘debt’ is, read on – by one Alex Andreou. The title suggests he knows the real issues regarding public and private … Read the rest of this entry »

Posted in Friends like this, UK Economy | 16 Comments

When you’ve got friends like this – Part 10

In wishing us all happy new year, Jared Bernstein also pounded his readers with a confused macroeconomic logic, that if applied, would in all likelihood make their new year (collectively) worse. His article (December 29, 2012) – My Views on … Read the rest of this entry »

Posted in Friends like this | 8 Comments

When you’ve got friends like this – Part 9

The progressive side of politics is at the best of times, fragmented. The conservatives are much more organised and fund various “think tanks” very generously. These think tanks then provide the arguments upon which the conservative attack on government intervention … Read the rest of this entry »

Posted in Friends like this | 19 Comments

When you’ve got friends like this – Part 8

I noted a proposal overnight from so-called progressive American economist Dean Baker on Al Jazeera (November 28, 2011) – Time for the Fed to take over in Europe – which suggests that the US Federal Reserve Banks should insulate the … Read the rest of this entry »

Posted in Eurozone, Friends like this | 32 Comments

When you’ve got friends like this – Part 7 – aka we need Plan C

The UK Observer Editorial yesterday (October 30, 2011) – The economy: we need Plan B and we need it now – was focuses on a so-called Plan B that has surfaced as the progressive democratic alternative to the now failed … Read the rest of this entry »

Posted in Friends like this | 32 Comments

When you’ve got friends like this … Part 6

Today I continue my theme “When you’ve got friends like this” which focuses on how limiting the so-called progressive policy input has become in the modern debate about deficits and public debt. Today is a continuation of that theme. The … Read the rest of this entry »

Posted in Economics, Friends like this | 56 Comments

It is a pity that he doesn’t know the answer himself

We are deep into hard-disk crash trauma at CofFEE today with 2 volumes dying at the same time on Friday and a backup drive going down too. At least it was a sympathetic act on their behalf. Combine that with … Read the rest of this entry »

Posted in Economics, Friends like this | 32 Comments