The Trumpist right’s steadfast belief in everything being the fault of someone else continues unabated. Or maybe Trump has some methods of his own in mind for putting out wildfires of bone-dry brush … (View Post)

Oh absolutely: MMT /is/ just classical economics (well, neo-Keynsian really I guess) with some of the accounting identities made so explicit that not even the slowest of brains can deny them. The pro… (View Post)

The better MMT economists are very keen on pointing out that the limit on government expenditure in a fiat economy is not taxes or bond sales but /inflation/. You can (and possibly should) print as m… (View Post)

One of the reasons government debt is cheaper than corporate debt (most of the time) is that government debt doesn’t suffer from cliff edge liquidity risks. Ironically, the ability to print in order … (View Post)

Labour also spent fourteen years deriding austerity as a deliberate choice when it is was a fiscal reality/necessity and now they are delivering austerity means their credibility is taking a hit. I d… (View Post)