Mitchell
IMF paper on Africa exemplifies why the mainstream approach is problematic – William Mitchell – Modern Monetary Theory – Beragampengetahuan
During the – 1997 Asian financial crisis – when the IMF intervened and imposed harsh structural adjustment packages on the impacted countries (cuts in spending and interest rate hikes), we learned that IMF officials would swan in from Washington to, for example, Seoul, for a weekend, hole up in expensive hotels and by the end […]
It will end badly if we rely on the speculators and gamblers for a climate change solution – William Mitchell – Modern Monetary Theory – Beragampengetahuan
I am now in a very hot and humid Kyoto having left Australia yesterday in weather that was in some places 20 or more degrees Celsius above the norm for early Spring. The heat here and back home at this time of year is rather scary given what it portends. I also do not have […]
The Ireland growth miracle is largely illusory and biasing Eurozone growth data upwards – William Mitchell – Modern Monetary Theory – Beragampengetahuan
I have been avoiding keeping up-to-date with the Irish national accounts over the last several years for reasons that I documented in this blog post – Ireland – not as rosy as the official story might suggest (January 2, 2018). Ireland has been held out as the poster nation for the Eurozone boosters because of […]
William Mitchell — The growing incidence of financial insecurity and inequality ~ Mike Norman Economics – Beragampengetahuan
I am in the final stages of moving office and it has been a time consuming process. And one of my regular research colleague, Professor Scott Baum from Griffith University, who occassionally provides blog posts here, sent me some research which he had written up in blog post form and with time short today, here […]
US labour market – ‘steady as she goes’ – William Mitchell – Modern Monetary Theory – Beragampengetahuan
Last Friday (August 4, 2023), the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – July 2023 – indicated a rather ‘steady as she goes’ outcome. A slightly weaker employment outlook compared to the beginning of 2023 but overall a very stable situation. There is no sign […]
Australia’s inflation rate continues to fall despite RBA inflationary rate hikes – William Mitchell – Modern Monetary Theory – Beragampengetahuan
Today (July 26, 2023), the Australian Bureau of Statistics released the latest – Consumer Price Index, Australia – for the June-quarter 2023. It showed that the CPI rose 0.8 per cent in the quarter (down 0.6 points) and over the 12 months by 6.1 per cent (down 0.9 points). The annual inflation rate in Australia […]
Surat Dari Podcast Cape Town – Episode 11 – William Mitchell – Teori Moneter Modern – Beragampengetahuan
Episode 11 podcast Letters from the Cape saya sekarang tersedia. Dalam episode ini kami meninjau laporan baru-baru ini dari Australian Royal Commission mengenai skandal hutang-robot, di mana menteri pemerintah Konservatif dan pegawai negeri senior menyusun dan menerapkan skema yang jelas-jelas ilegal dan menyebabkan kerugian yang tak terukur pada warga negara kita yang paling rentan. kerusakan. […]
Surat Dari Podcast Cape Town – Episode 10 – William Mitchell – Teori Moneter Modern – Beragampengetahuan
Episode 10 dari podcast Letters from the Cape saya sekarang tersedia. Dalam episode ini, kita mempelajari mengapa pemerintah tidak perlu menetapkan target fiskal berdasarkan besarnya defisit, dll. Tujuan dari kebijakan fiskal bukanlah untuk mencapai angka keuangan yang telah disusun sebelumnya. Sebaliknya, pemerintah harus menggunakan alat pengeluaran dan perpajakan mereka untuk mempromosikan kesejahteraan sosial, yang mencakup […]
pension systems about to collapse. Not! More mainstream fiction – William Mitchell – Modern Monetary Theory – Beragampengetahuan
Sometimes, one thinks that the intellectual world should evolve as intelligent people take account of the dissonance between their ideas and the facts before them and adapt their views. I know that doesn’t happen much but it should. I have studied the philosophy of science deeply enough over my student and postgrad days and beyond […]
RBA governor’s ‘Qu’ils mangent de la brioche’ moments of disdain – William Mitchell – Modern Monetary Theory – Beragampengetahuan
The RBA governor had a few ‘Qu’ils mangent de la brioche’ moments in the last week when he responded to criticisms that his manic interest rate increasing behaviour is driving low-income families into crisis by, first, saying that people who couldn’t find cheap housing should move back with their parents. Then he followed that with […]