Category Archives: Economics

The catch-all category for my blogs reflecting my professional expertise as a full professor of economics.

Central banks can sometimes generate higher inflation

I haven’t much time today with travel commitments coming up at later. But I filed this story away earlier in the week in my ‘nonsense’ list but with a note that it contained a lesson, which would help people understand … Read the rest of this entry »

Posted in Economics, Eurozone, UK Economy, US economy | 18 Comments

Australia – fiscal policy outcomes signal a failed government

The deranged individual who held the people hostage in Sydney over the last 24 hours wasn’t an Islamic State terrorist despite what the commercial news frenzy tried to tell us. He was a deranged individual. But while the news frenzy … Read the rest of this entry »

Posted in Economics | 10 Comments

Trickle down economics – the evidence is damning

The condition known as – Schizophrenia – describes “a mental disorder often characterized by abnormal social behavior and failure to recognize what is real”. Then again, the condition known as – Dissociative identity disorder – describes a condition where a … Read the rest of this entry »

Posted in Economics | 29 Comments

A lost decade for Australia – only if we allow fools to continue governing

It is almost unbelievable what some journalists think passes for quality writing. Today (December 9, 2014) Australians were trying to deal with the vicious new scheme designed by the Federal government to herd unemployed indigenous people in remote communities into … Read the rest of this entry »

Posted in Economics | 9 Comments

The Cyprus confiscation becomes the model for bank insolvency

I am still sifting through the documents from the recent G20 Summit in Brisbane to see what our esteemed leaders (not!) have planned as their next brilliant move to reinforce neo-liberal principles. One of the least talked about outcomes from … Read the rest of this entry »

Posted in Economics, Eurozone, US economy | 33 Comments

The inexact science of calibrating fiscal policy

In the showdown between France and the European Commission last week, France clearly is the winner on points, which is not surprising given the impossibility of the task the Commission had set it in meeting the Excessive Deficit Procedure (EDP) … Read the rest of this entry »

Posted in Debriefing 101, Economics, Eurozone | 8 Comments

The Australian economics media guilty of false reporting

The Australian Broadcasting Commission is undergoing dramatic cuts to its budget and shedding programs and valuable staff. The ABC office in Newcastle (Australia’s 7th largest city) has been downgraded to ‘regional’ status from metropolitan status to allow the government to … Read the rest of this entry »

Posted in Economics | 14 Comments

Austerity hacks into our cultural heritage

As I noted last Friday, the Australian government has announced it will be cutting a massive part of the budgets of the Australian Broadcasting Commission (ABC) and the Special Broadcasting Service (SBS), both publicly-owned national media organisations as part of … Read the rest of this entry »

Posted in Economics, Music | 10 Comments

A depressing report from Florence

I am in Rome today and tomorrow. This afternoon I am giving a presentation at the Roma Tre University (Università degli Studi Roma Tre) on Modern Monetary Theory (MMT) and how we might advance the spread of the ideas. There … Read the rest of this entry »

Posted in Economics, Eurozone | 6 Comments

Australian Treasurer unqualified to do his job

Australia hosted the recent G20 Meeting in Brisbane and showcased our embarrassing political leadership. Leading into the summit, our Prime Minister had said he would “shirt front” Russian leader Vladimir Putin. Instead he met with the Russian and together they … Read the rest of this entry »

Posted in Economics | 9 Comments