Monthly Archives: August 2013

Saturday Quiz – August 31, 2013

Welcome to the Billy Blog Saturday Quiz. 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 no records are … Read the rest of this entry »

Posted in Saturday quiz | Leave a comment

IS-LM Framework – Part 6

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 during 2013 (to be ready in … Read the rest of this entry »

Posted in MMT Textbook | 5 Comments

There is a class warfare and the workers are not winning

The Politics of Envy – that old chestnut from the neo-liberals – is bandied around every time there is any insinuation that the capitalist system produces distributional outcomes that are not remotely proportional to the effort put into production. Whenever … Read the rest of this entry »

Posted in Economics, US economy | 12 Comments

The term fiscal stimulus” has been expunged from the public debate

Australia is in the final stages of a federal election campaign and it is likely that the conservatives will be returned to power after being out of office for eight years. The current government, allegedly non-conservative, is so close in … Read the rest of this entry »

Posted in Economics | 5 Comments

The US government can buy as much of its own debt as it chooses

The hoopla over the US government voluntarily imposed debt ceiling is about to begin again with the US Treasury Secretary predicting that the government will run out of money in mid-October. He must have been listening to his President who … Read the rest of this entry »

Posted in US economy | 15 Comments

Fiscal deficits in Europe help to support growth

I read this article yesterday (published August 12, 2013) – The euro area needs a German miracle – among a group of articles that are concluding that things are on the improve in Europe. I expect a wave of articles … Read the rest of this entry »

Posted in Eurozone | 9 Comments

Saturday Quiz – August 24, 2013 – 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 »

Posted in Saturday quiz | 10 Comments

Saturday Quiz – August 24, 2013

Welcome to the Billy Blog Saturday Quiz. 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 no records are … Read the rest of this entry »

Posted in Saturday quiz | Leave a comment

IS-LM Framework – Part 5

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 during 2013 (to be ready in … Read the rest of this entry »

Posted in MMT Textbook | 15 Comments

A new breed of economics graduates is needed (did I say desperately)

There were two interesting articles I read (among others) in recent days that attack mainstream economic analysis in different ways. The first, published August 18, 2013 – Removing deadweight loss from economic discourse on income taxation and public spending – … Read the rest of this entry »

Posted in Economics | 20 Comments