Monthly Archives: February 2019

Left logic – the neoliberal EU cannot be reformed but exit is bad

I have just finished reading a recently published book – The European Illusion – written by academics associated with Attac Austria and it demonstrates the dilemma that European progressives have created for themselves. The 348-page book is freely available in … Read the rest of this entry »

Posted in Eurozone, Reclaim the State | 42 Comments

The NAIRU/Output gap scam reprise

It is Wednesday and despite being on the other side of the Planet than usual (in Helsinki at present) I am still not intending to write a detailed blog post today. I am quite busy here – teaching MMT to … Read the rest of this entry »

Posted in Admin, Eurozone, Fiscal Statements, Higher Education, Inflation, MMT Textbook, Music | 14 Comments

The NAIRU/Output gap scam

There is a campaign on the Internet calling itself CANOO (the Campaign against nonsense output gaps) which one Robin Brooks, economist at the Institute of International Finance and former Goldman Sachs and IMF employee, is pursuing. You cannot easily access … Read the rest of this entry »

Posted in Economics, Eurozone, Fiscal Statements | 14 Comments

Travelling mostly today … but we have events and music

Today I am in Finland after a long flight and have to catch up on things. My usual blog posting will resume tomorrow. Over the page, I have listed the speaking events that I will be involved in over the … Read the rest of this entry »

Posted in Admin, Music | 2 Comments

The Weekend Quiz – February 23-24, 2019 – 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 | 3 Comments

The Weekend Quiz – February 23-24, 2019

Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blog posts that I post. See how you go with the following questions. Your results are only known to you and no … Read the rest of this entry »

Posted in Saturday quiz | 5 Comments

Australian labour market – slight improvement but still no clear direction

Today, the Australian Bureau of Statistics released the latest data – Labour Force, Australia, January 2019 – which reveals relatively strong full-time employment growth which reverses the last two months of contracting full-time employment contraction. The strong employment growth was … Read the rest of this entry »

Posted in Labour Force | 3 Comments

The erroneous ‘lets have a little, some or no MMT’ narrative

It is Wednesday – so just a few observations and then we get down a bit dirty (funky that is). Today, I consider the GND a bit, critics of MMT, Japan, and more. Never a dull moment really. I didn’t … Read the rest of this entry »

Posted in Central banking, Economics, Fiscal Statements, Framing and Language, Japan, MMT Textbook, UK Economy, US economy | 55 Comments

German growth strategy falters – exposes deep flaws in the EU architecture

Last week (February 14, 2019), Eurostat released its latest national accounts estimates – GDP up by 0.2% and employment up by 0.3% in the euro area – which confirmed that EU growth rates have declined significantly over the course of … Read the rest of this entry »

Posted in Eurozone | 39 Comments

The EU is neoliberal to its core and captured by corporate interests

The aptly named – Corporate Europe Observatory (CEO) – “is a research and campaign group working to expose and challenge the privileged access and influence enjoyed by corporations and their lobby groups in EU policy making”. It is relentless in … Read the rest of this entry »

Posted in Britain, Eurozone, UK Economy | 26 Comments