Theory
Austerity cultist Kenneth Rogoff continues to bore us with his broken record – William Mitchell – Modern Monetary Theory – Beragampengetahuan
One would reasonably think that if someone had been exposed in the past for pumping out a discredited academic paper after being at the forefront of the destructive austerity push during the Global Financial Crisis, then some circumspection might be in order. Apparently not. In 2010, Carmen Reinhart and Kenneth Rogoff published a paper in […]
Both main candidates were unelectable but one was more in tune with the nation than the other – William Mitchell – Modern Monetary Theory – Beragampengetahuan
So from January 20, 2025, Donald Trump will inherit the on-going genocide that the US government has been party to in the Middle East. He will then have no cover and will be judged accordingly. What follows are a few thoughts that I had when I watched the unfolding disaster for the Democrats and the […]
Australian Treasurer refuses to use his legislative power to rein in the rogue RBA – William Mitchell – Modern Monetary Theory – Beragampengetahuan
It has been quite the week in central banking terms in Australia. We had the Federal Greens economic justice spokesperson demanding that the Federal Treasurer use the powers he has under the Reserve Bank of Australia Act 1959 and order the RBA to lower interest rates. Then we had the Treasurer playing the ‘RBA is […]
Konsep Lotus Theory 1 menampilkan mobil sport listrik masa depan – Beragampengetahuan
Lotus meluncurkan mobil konsep Teori 1 minggu ini, menandakan arah desain untuk model masa depan, termasuk calon penerus mobil sport listrik Emira. Theory 1 mengambil inspirasi dari sejarah panjang Lotus, memadukan elemen-elemen mobil Formula 1 Tipe 72 yang ikonik, mobil sport Esprit yang sudah lama berjalan, dan pembalap ketahanan ke-11. Posisi berkendara di tengah mengingatkan […]
Penelitian ilmiah terbaru menunjukkan pandemi COVID-19 jangka panjang di Australia adalah masalah yang serius dan terus berkembang – William Mitchell – Modern Monetary Theory – Beragampengetahuan
Saya secara rutin mengikuti literatur ilmiah tentang dampak COVID-19 terhadap pasar tenaga kerja, dan seiring dengan berkembangnya bukti, kami memiliki gambaran yang lebih jelas mengenai dampak ini. Kesimpulan singkatnya adalah bahwa para pengambil kebijakan di bidang kesehatan masyarakat, yang berada di bawah tekanan dari kepentingan pribadi dan perusahaan yang kurang informasi, gagal melindungi kesehatan masyarakat, […]
Bank of Japan is making losses on its balance sheet – so what? – William Mitchell – Modern Monetary Theory – Beragampengetahuan
Sometimes when I am reading some story or analysis about the economy I sense a sort of glazing over effect – I just read the words as they appear on the paper and it is not until after I have read the entirety that I sort of have to pinch myself and realise that this […]
ECB demonstrates that groupspeak is not dead in Europe – the denial continues – William Mitchell – Modern Monetary Theory – Beragampengetahuan
On February 10, 2024, a new agreement between the European Council and European Parliament was announced which proposed to reform the fiscal rules structure that has crippled the Member States of the EMU since inception. I wrote in this blog post – Latest European Union rules provide no serious reform or increased capacity to meet […]
Real wage cuts continue in Australia as profit share rises – William Mitchell – Modern Monetary Theory – Beragampengetahuan
The Annual Fiscal Statement for Australia (aka ‘The Budget’) came out last night and ordinarily I would analyse it today. But I am travelling a lot today and also the wage data came out today, so I plan to leave the fiscal policy commentary until next week when I have more time to think about […]
The green growth paradigm has a long tradition – which has never been supportable – William Mitchell – Modern Monetary Theory – Beragampengetahuan
In October 1987, the United Nations published a report – Our Common Future – (aka Brundland Report) which was the work of the then World Commission on Environment and Development (WCED) – that was chaird by the then Norwegian Prime Minister Gro Harlem Brundtland. It laid out a multilateral approach to dealing with climate change […]
Signs of weakening in the Australian labour market – William Mitchell – Modern Monetary Theory – Beragampengetahuan
Today (April 18, 2024), the Australian Bureau of Statistics released the latest – Labour Force, Australia – for March 2024, which shows that the labour market is weakening with employment falling and unemployment rising now that more normal patterns in behaviour after the holiday period disruption have returned. The good news is that full-time employment […]