The following statement by Warren Mosler appeared on the Facebook page of the group MMT for the Progressives in the USA on 24 December, 2015 [1]. Warren Mosler: "So how do you like this unsolicited speech I drafted for Bernie Sanders": HOW ARE YOU GOING TO PAY FOR IT? I've proposed a lot of … [Read more...]
Federal Treasury recognises the ‘benefits’ of breaking up banks
This article is based on information provided in a recent media release of the Citizens Electoral Council (CEC) on 15 May 2018. ERA Review does not usually draw attention to material put out by political parties, however the statement seems well researched and is in alignment with ERA's concerns … [Read more...]
Achieving genuine progress in Australia – Robert Costanza, Philip Lawn, Ian Lowe and Peter Martin
There is a better way forward than misusing GDP. A project in South Australia shows there is a better way to measure net positive economic activity, if not societal wellbeing. Gross Domestic Product (GDP) helped the allies win the Second World War by better understanding production and … [Read more...]
Stark contrast between U.S. and French inequality – ERA editor
A 2017 report by Raul Zambrano [1] discussing data from the World Wealth and Income Inequality database, has compared the income of different social strata (fraction of all income) for the US with that of France over a 45-year time- span (see the diagrams below). Note the steep U.S. decline over … [Read more...]
