Monthly Archives: October 2017

Europhile Left deluded if it thinks reform process will produce functional outcomes

A recent twitter exchange with some Europhiles who believe that it is better to wait for some, as yet unspecified, incremental reform process for the Eurozone rather than precipitate exit and the restoration of currency sovereignty was summed up for … Read the rest of this entry »

Posted in Eurozone | 12 Comments

US growth performance hides very disturbing regional trends

Last Friday (October 27, 2017), the US Bureau of Economic Analysis published their latest national accounts data – Gross Domestic Product: Third Quarter 2017 (Advance Estimate), which tells us that annual real GDP growth rate was 3 per cent in … Read the rest of this entry »

Posted in US economy | 2 Comments

The Weekend Quiz – October 28-29, 2017 – answers and discussion

Here are the answers with discussion for this Weekend’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 … Read the rest of this entry »

Posted in Saturday quiz | 6 Comments

The Weekend Quiz – October 28-29, 2017

Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blogs I post. 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 | 6 Comments

When the mainstream Left gets lost down its Europhile hole

Thomas Fazi and I recently published an Op Ed in Social Europe (October 20, 2017) – Everything You Know About Neoliberalism Is Wrong, which is a precis of the main arguments in our new book Reclaiming the State: A Progressive … Read the rest of this entry »

Posted in Demise of the Left, Euro book | 27 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

The sham of ECB independence

One of the major claims the founders of the EMU made was that by creating an independent ECB – by which they meant ‘independent’ of the influence from the Member States or other EU bodies (such as the Eurogroup) – … Read the rest of this entry »

Posted in Central banking, Eurozone | 9 Comments

Time to nationalise superannuation in Australia – even conservatives think so!

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 that reversal of many of the neoliberal changes that governments have agreed to over … Read the rest of this entry »

Posted in Economics | 17 Comments

The Weekend Quiz – October 21-22, 2017 – 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 | 1 Comment

The Weekend Quiz – October 21-22, 2017

Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blogs I post. 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 | 8 Comments