Federal spending didn't wreck the economy. Deregulation and greed did. It’s official: New York Times columnist David Leonhardt has pronounced the US Democrats to be the party of fiscal responsibility. In contrast to three of the last four Republican presidents who raised deficits with big tax … [Read more...]
Busting the NAIRU myth – Lars Syll
Busting the NAIRU myth - Wages and employment can increase at the expense of corporate profits without causing inflation. The non-accelerating inflation rate of unemployment (NAIRU) - also some- times referred to as the long-run Phillips curve - is supposed by many orthodox economists to be the … [Read more...]
The Italian economic crisis: why the euro must be abandoned
The Italian economic crisis: why the euro must be abandoned - Lars Syll "Investors had until recently been widely expected the European Central Bank to signal at its next meeting in two weeks’ time that it would wind down QE later in the year. Now, questions are growing about how feasible … [Read more...]
Australia’s ‘electric car revolution’ won’t happen automatically
Australia’s ‘electric car revolution’ won’t happen automatically - Graciela Metternicht and Gail Broadbent Electric cars might finally be having their moment in Australia, after British billionaire Sanjeev Gupta approached the South Australian government about retooling Adelaide’s defunct … [Read more...]
