Category Archives: Fiscal Statements

Corbyn more scary than Brexit

It is Wednesday, so a truly short blog. We have to proof read the final copy edit of our Macroeconomics textbook by the end of the next fortnight. Tough ask. But apart from a music journey today, the richest people … Read the rest of this entry »

Posted in Britain, Fiscal Statements, Music, UK Economy | 29 Comments

Italy should lead the Member States out of the neoliberal Eurozone dystopia

The widely read German news site, Spiegel Online, published an amazing article last week (November 1, 2018) – Italy Doubles Down on Threat to Euro Stability – which confirms to me that very little progress has been within the Eurozone … Read the rest of this entry »

Posted in Central banking, Eurozone, Fiscal Statements | 23 Comments

British fiscal statement – no end to austerity as the Left face plants

Last night in Britain (October 29, 2018), the British Chancellor released the – Budget 2018 – aka the 2018 fiscal statement (my terminology, to avoid triggering the flawed household budget analogy). The detailed analysis is being done by others and … Read the rest of this entry »

Posted in Britain, Fiscal Statements, Framing and Language, UK Economy | 16 Comments

Left-liberals and neoliberals really should not be in the same party

This week’s theme seems to be the about how the so-called progressive side of the economic and political debate keeps kicking ‘own goals’ (given a lot of this is happening in Britain where they play soccer) or finding creative ways … Read the rest of this entry »

Posted in Demise of the Left, Eurozone, Fiscal Statements, Framing and Language, Reclaim the State, UK Economy, US economy | 35 Comments

The British Labour Fiscal Credibility rule – some further final comments

Over the last weekend, it seemed that we had a return of the Spanish Inquisition with a prominent British academic, who by his own words designed the fiscal rule that British Labour has unwisely adopted, repeatedly demanding that MMT Tweeters … Read the rest of this entry »

Posted in Britain, Fiscal Statements, Framing and Language, UK Economy | 38 Comments

A summary of my meeting with John McDonnell in London

It is Wednesday and I am reverting to my plan to keep my blog posts short on this day to give me more time for other things. Today, I will briefly outline what happened last Thursday when I met with … Read the rest of this entry »

Posted in Britain, Fiscal Statements, Politics, UK Economy | 67 Comments

IMF continues to tread the ridiculous path

I am back in Australia now and I don’t have to stand on my head to write (a reference to the hassles of trying to maintain some order while travelling to different destinations on an almost daily basis). Last week, … Read the rest of this entry »

Posted in Britain, Fiscal Statements, IMF, UK Economy | 15 Comments

Reflections on the 2nd International MMT Conference – Part 2

I am now on a train heading back from Galway to Dublin for tonight’s event. This is Part 2 of my responses to the conversations I had and presentations I attended during the Second International Modern Monetary Theory which was … Read the rest of this entry »

Posted in Debriefing 101, Fiscal Statements, Framing and Language, Job Guarantee | 26 Comments

Reflections on the 2nd International MMT Conference – Part 1

I have very little free time today. I am now in Dublin and am travelling to Galway soon for tonight’s event (see below). Last evening I met with some Irish politicians at the Irish Parliament and had some interesting conversations. … Read the rest of this entry »

Posted in Central banking, Debriefing 101, Fiscal Statements, Framing and Language, Job Guarantee | 26 Comments

MMT and the external sector – redux

This blog post is written for a workshop I am participating in Germany on Saturday, October 13, 2018. The panel I am part of is focusing on external trade and currency issues. In this post, I bring together the basic … Read the rest of this entry »

Posted in Capital controls, Debriefing 101, Fiscal Statements | 101 Comments