Search Results for: "fiscal sustainability"

BIS = BS – the I used to stand for integrity

I checked my calendar today thinking I must be a few months out. Upon checking I determined that it wasn’t April 1. So what the hell is going on? I refer to the announcement of a senior appointment at the … Read the rest of this entry »

Posted in Economics | 9 Comments

Saturday Quiz – June 25, 2011 – 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 | Leave a comment

In policy you have to wish for the possible

I am travelling today and so have to steal time to write this blog between other commitments. Later this week I am presenting a paper at a workshop on stock-flow consistent macroeconomics and I was thinking over the weekend just … Read the rest of this entry »

Posted in Economics | 20 Comments

Ineluctably compromised

Today I was reflecting on the role of students in social change. I was a student activist and took that role very seriously when I was a full-time student. I did have a sense of entitlement that it was our … Read the rest of this entry »

Posted in Economics, Friends like this | 38 Comments

When a former US president makes things up

Some years ago – I did not have sexual relations with that woman – were the famous words that seemed to redefine everything we had come to think of sexual relations between two consenting partners. Suddenly we could have sexual … Read the rest of this entry »

Posted in Economics | 22 Comments

The US is living below its “means”

The US press was awash with claims over the weekend that the US was “living beyond” its “means” and that “will not be viable for a whole lot longer”. One senior US central banker claimed that the way to resolve … Read the rest of this entry »

Posted in Economics | 31 Comments

Who the cap fits?

In his recent New York Times column (April 21, 2011) – What Are Taxes For? – continues to engage with Modern Monetary Theory (MMT) but trips up because his mainstream view (dressed up as a progressive) reveals serious flaws in … Read the rest of this entry »

Posted in Economics | 60 Comments

Saturday Quiz – April 16, 2011 – 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 | 4 Comments

The full employment fiscal deficit condition

Many readers ask me to provide a Modern Monetary Theory (MMT) rule for sound fiscal management. I had done this often but apparently not concisely enough. It is important to understand what the limits on fiscal deficits are in term … Read the rest of this entry »

Posted in Debriefing 101, Economics, Teaching models | 103 Comments

Saturday Quiz – April 9, 2011 – 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 | 55 Comments