Category Archives: Fiscal Statements

The lame progressive obsession with meaningless aggregates

Maybe the British Labour Party could get Nancy Pelosi to do some stupid tweets for them as well. She is an expert at it – see my blog – When neoliberals masquerade as progressives. She thinks it is smart progressive … Read the rest of this entry »

Posted in Britain, Fiscal Statements, UK Economy | 41 Comments

Household debt is part of a broader problem – be informed

The head of the Australian Prudential Regulation Authority (APRA), which was created in 1998 as part of the sham to separate regulation from policy and pretend the Reserve Bank of Australia was independent, gave a speech in Sydney yesterday (November … Read the rest of this entry »

Posted in Central banking, Fiscal Statements | 10 Comments

What matters about the Paradise Papers

A cursory glance at the World’s leading tax havens illustrates the hypocrisy of politicians getting wound up about the revelations in the recently released Paradise Papers and the Panama Papers before them. Many of the havens are within the direct … Read the rest of this entry »

Posted in Economics, Fiscal Statements, Reclaim the State | 31 Comments

When neoliberals masquerade as progressives

One wonders what goes on in the heads of politicians sometimes. Perhaps not much other than a warped sense of their purpose in life – which for some seems to be to advance themselves rather than advance societal well-being. In … Read the rest of this entry »

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

IMF policies undermine the health of mothers and children in the poorest nations

In our new book Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World (Pluto Books, 2017) – Thomas Fazi and I argue that a new progressive agenda would see the abolition of the IMF and the World … Read the rest of this entry »

Posted in Fiscal Statements, IMF, Reclaim the State | 9 Comments

The ‘infinite-horizon fiscal gap’ is just an infinity of nonsense – try measuring that!

The ‘infinite-horizon fiscal gap’ is just an infinity of nonsense. That is, if such a level of ridiculousness can be measured, which it cannot. So suffice to say a pretty large dose of nonsense. Certainly nothing to take seriously. Anyone … Read the rest of this entry »

Posted in Fiscal Statements, US economy | 12 Comments

Three recent interviews – transcripts and video

Today, I have translated two interviews I did while I was in Europe recently. The original interviews were in Spanish. The first interview was with Andrés Villena Oliver for CTXT and was published in the Spanish newspaper Público. It was … Read the rest of this entry »

Posted in Demise of the Left, Economics, Eurozone, Fiscal Statements, Job Guarantee | 9 Comments

A former UK Chancellor attempts to save face and just becomes confused

On May 6, 1997, just 4 days after coming to office in what was to become Tony Blair’s retrogressive regime, the then British Labour Chancellor Gordon Brown announced that Labour would legislate the so-called independence of the Bank of England. … Read the rest of this entry »

Posted in Britain, Central banking, Fiscal Statements, UK Economy | 6 Comments

When intra-governmental relations became absurd – the US-Fed Accord – Part 3

I am writing this while waiting for a train at Victoria Station (London), which will take me to Brighton for tomorrow’s presentation at the British Labour Party Conference. The last several days I was in Kansas City for the inaugural … Read the rest of this entry »

Posted in Central banking, Fiscal Statements, US economy | 9 Comments

When relations within government were sensible – the US-Fed Accord – Part 1

I have all that much time today to write this up and it is going to be one of those multi-part blogs given the depth of the historical literature I am digging into. So this is Part 1. The topic … Read the rest of this entry »

Posted in Central banking, Fiscal Statements, US economy | 23 Comments