Monthly Archives: December 2012

Modern Monetary Theory and environmental sustainability – Part 1

There is regular commentary here that seeks to argue that Modern Monetary Theory (MMT) is flawed, bereft or worse because apparently it avoids any discussion of the natural environment. This apparently arises from the inherent conclusion in MMT that growth … Read the rest of this entry »

Posted in Debriefing 101 | 31 Comments

Saturday Quiz – December 29, 2012 – answers and discussion

Here are the answers with discussion for yesterday’s quiz. The information provided should help you understand the reasoning behind the answers. If you haven’t already done the Quiz from yesterday then have a go at it before you read the … Read the rest of this entry »

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Saturday Quiz – December 29, 2012

Welcome to the last Billy Blog Saturday Quiz before 2013. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only known to you and … Read the rest of this entry »

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Keynes and the Classics – Part 1

I am now using Friday’s blog space to provide draft versions of the Modern Monetary Theory textbook that I am writing with my colleague and friend Randy Wray. We expect to complete the text by the end of this year. … Read the rest of this entry »

Posted in MMT Textbook | 3 Comments

Fiscal insanity – cutting the deficit only to get a larger one

Being a researcher is interesting and frustrating. But it almost always takes one on a ride that is unpredictable, which is part of the fun. Sometimes, you hit a dead-end (often = frustrating). Other times, you end up somewhere that … Read the rest of this entry »

Posted in Economics, US economy | 2 Comments

Bank criminals sail away on their yachts

Over the next few days I will be involved in transferring some of the major IT infrastructure for my research centre from our Newcastle office to our Melbourne office. This is the first stage of our plan to virtualise our … Read the rest of this entry »

Posted in UK Economy, US economy | 16 Comments

Peace and love – if only it was true

Despite my constant utterances about short or relatively short blogs, today will truly be a short blog although I am aware that that descriptor is at all times relative. Is a short blog a few lines (which then raised the … Read the rest of this entry »

Posted in Economics | 30 Comments

Australian government’s monumental fiscal failure

Last week marked a turning point in Australian politics when the Australian government finally admitted that they had made a monumental political misjudgement by promising to deliver a budget surplus in the next fiscal year despite an economy that was … Read the rest of this entry »

Posted in Economics | 14 Comments

Saturday Quiz – December 22, 2012 – answers and discussion

Here are the answers with discussion for yesterday’s quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it before … Read the rest of this entry »

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Saturday Quiz – December 22, 2012

Welcome to the last Billy Blog Saturday Quiz before Xmas. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only known to you and … Read the rest of this entry »

Posted in Saturday quiz | 2 Comments