To Get The Very Basics Of Modern Monetary Theory Wrong
Modern Monetary Theory is an oddity. In one sense it's simply a statement of the blindingly obvious - governments create modern money so they...
Government Owned Banks – Sure Politicians Use Them As Goodie Bags
On the one hand we could say that government owned banks merely allow the government to push forward the government's agenda. Perhaps a useful...
S&P Says It’s China Winning The Trade War, Not US As Trump Says
Of course no one actually wins a trade war - consumers only lose and we are supposed to be running the whole system in...
Only One More Fed Interest Rate Rise To Come
Economists make predictions because they want o make astrologers look accurate. Yet for certain things predictions by economists is all we have. How many...
Why NEF Stands For Not Economics Frankly
It is Giles Wilkes we have to thank for the description of the new economics foundation as not economics frankly. Something well proven in...
Yup, Trade Tariffs And Trade Wars Are Worse Than We Thought
Economics is, as yet, an imperfect science. My own estimation is that in macroeconomics at least we're at about the stage chemistry was when...
There Will Be Another US Recession, The Question Is How Soon?
Given that economists have predicted 15 of the last 3 recessions - and very few have predicted those that actually happened - the when...
But Why Try To Overcome Capitalism, The Most Successful Economic System Ever?
A certain puzzlement concerning this argument from one of the more stupid Krauts:
Germany’s main centre-Left party has been rocked after one of its...
How can we solve increasing wealth inequality?
Originally published at Quora:
“Solve” wealth inequality? Presumably what is meant is lower it which is making some pretty large assumptions in itself. Why is...
The End Of The McJob?
It used to be that the “Do you want fries with that?” McJob was the initial prospect of those who left school without much...