Federal government deficits and surpluses - Editor It is commonplace these days to hear media commentators, politicians, Q&A panellists and others regurgitating the mantra that federal budget surpluses represent sound financial practice while federal budget deficits do not. However the reality … [Read more...]
Some fallacies of financial fundamentalism
Some fallacies of financial fundamentalism - Lars Syll In some recent critiques of functional finance and modern monetary theory, prominent US economist Paul Krugman has claimed that Stephanie Kelton and other MMT economists have gotten things terribly wrong: “ Anyway, what actually happens at … [Read more...]
Krugman vs Kelton on the fiscal-monetary trade-off
Krugman vs Kelton on the fiscal-monetary trade-off - The loanable funds fallacy Lars Syll The US economist Paul Krugman is back again telling us that he doesn’t really want to spend time on arguing about MMT — and then complains that well-known MMT economist Stephanie Kelton says things … [Read more...]
A novel idea: harness the economy to good cause
A novel idea: harness the economy to good cause - Geoff Davies The following has been extracted from Chapter One of Geoff Davies’ latest book The Little Green Economics Book. The economy could be run in a dramatically different way, with more benefit to everyone and far less harm to many people and … [Read more...]
