Category Archives: Reclaim the State

MMT is just plain good economics – Part 1

On August 6, 2018, British tax expert Richard Murphy who is becoming increasingly sympathetic to the principles of Modern Monetary Theory (MMT) published a blog post, which recorded an exchange with one James Meadway, who is the economics advisor to … Read the rest of this entry »

Posted in Debriefing 101, Fiscal Statements, Friends like this, Reclaim the State | 63 Comments

Build it in Britain is just sensible logic

After my day in the sun as a poet, I am back to being an economist. I have been researching operational issues relating to how a society can take back control and Reclaim the State, as part of the work … Read the rest of this entry »

Posted in Britain, Fiscal Statements, Reclaim the State, UK Economy | 25 Comments

UBI advocates ignore the dynamic efficiencies of full employment

I have written about the concept of dynamic efficiency before. The most recent blog post on this theme was – The ‘truth sandwich’ and the impacts of neoliberalism (June 19, 2018) – which examined how social mobility across generations has … Read the rest of this entry »

Posted in Japan, Job Guarantee, Reclaim the State, US economy | 13 Comments

The neoliberal ‘progressives’ and their bankster mates are becoming rattled

You know, an Italian won the British Open golf championship yesterday (the first Italian to ever win a golf major) because of the uncertainty surrounding Brexit negotiations. The causality is impeccable. I am sure about that, although it might take … Read the rest of this entry »

Posted in Central banking, Fiscal Statements, Reclaim the State, US economy | 22 Comments

The abdication of the Left – redux – Part 2

This is the second and final part in my response to the Social Europe article by Stuart Holland (July 11, 2018) – Not An Abdication By The Left – where he attempts to eviscerate various writers who have dared to … Read the rest of this entry »

Posted in Demise of the Left, Eurozone, Fiscal Statements, Framing and Language, Reclaim the State | Leave a comment

The abdication of the Left – redux – Part 1

Former Austrian Chancellor Bruno Kreisky was quoted as saying during the 1979 Austrian election campaign that: “I am less worried about the budget deficits than by the need for the state to create jobs where private industry fails”. That is … Read the rest of this entry »

Posted in Demise of the Left, Eurozone, Fiscal Statements, Reclaim the State | 10 Comments

Elements in a strategy for the Left

Reuters reported (July 8, 2018) that the awful Madame Lagarde was in France last week lecturing people on how the “joint euro zone budget could be designed with conditions so that it does not become a no-strings transfer of rich … Read the rest of this entry »

Posted in Demise of the Left, Framing and Language, Reclaim the State | 19 Comments

Governments should not issue debt under foreign law

In examining the implications for an exit from a currency union, one of the issues that arises is the proportion of public debt that is issued under foreign law. This is a separate issue to the implications of foreign-currency denominated … Read the rest of this entry »

Posted in Eurozone, Fiscal Statements, Reclaim the State | 8 Comments

Italy should prioritise an exit of the Eurozone madness

Last week, the Eurogroup met in Brussels and given all the Macron-Merkel buildup – see my blog post – The Meseberg Declaration – don’t hold your breath waiting (June 26, 2018) – the Europhiles were tweeting their heads off building … Read the rest of this entry »

Posted in Eurozone, Reclaim the State | 15 Comments

We can do something about neoliberalism

It is Wednesday, so just a (relatively) short blog post today. I am using the time today to further scope out the material and logic for my next book with Thomas Fazi, which we hope to publish sometime in 2019. … Read the rest of this entry »

Posted in Demise of the Left, Eurozone, Reclaim the State, US economy | 8 Comments