Search Results for: "fiscal sustainability"

Tripping over one’s ideological shoe laces

I’m sitting here at the airport typing away while the morning TV news in the background is showing the Australian Treasurer acknowledging that the economy is slowing and undermining his obsessive desire to achieve a budget surplus next year. Tax … Read the rest of this entry »

Posted in Economics | 5 Comments

Framing today’s leadership failure in history

It seems my attempt to escape the Lands of Austerity last week unscathed was a pipe dream. I have been slowed over the last days by a European flu of some sort. So I have less energy than usual which … Read the rest of this entry »

Posted in Economics | 16 Comments

Saturday Quiz – September 24, 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 | 8 Comments

Self-inflicted catastrophe

In the last few days, while MMT has been debating with Paul Krugman, several key data releases have come out which confirm that the underlying assumptions that have been driving the imposition of fiscal austerity do not hold. Ireland led … Read the rest of this entry »

Posted in Economics, Eurozone, National Accounts | 33 Comments

The system in deep trouble and it is waiting to blow

Today is rather historic because it is the 40th anniversary of the collapse of the Bretton Woods system. On August 15, 1971, the then US President Nixon gave an address to the nation – The Challenge of Peace – where … Read the rest of this entry »

Posted in Economics, Eurozone | 21 Comments

Saturday Quiz – August 13, 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 | 8 Comments

I blame the British government for the riots

There has been a lot of “opinion” expressed over the last few days about the causes of the British riots. If I had a meter to assess the ideological biases given breath in the press over this issue to date … Read the rest of this entry »

Posted in Economics | 54 Comments

US labour market in decline – leadership gone missing

The US Bureau of Labor Statistics published the latest labour force data on Friday and the results can be summarised in one word – shocking. Meanwhile the so-called US political leadership met at the White House to determine how they … Read the rest of this entry »

Posted in Economics | 9 Comments

Saturday Quiz – July 2, 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 | 2 Comments

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