Wednesday, December 19, 2012
Bill Mitchell on a roll this week
I don't usually link to Bill Mitchell's billy blog, or NEP or Mosler Economics-The Center of the Universe, since I assume that those interested in MMT follow these. However, I do call attention to especially pertinent pieces having a wider scope that others may be interested in. Here are three links to Bill's recent posts that are of general interest.
Bill is located in Australia and his analysis is often related to what is going on the there. But the principles are universally applicable. So just skip over the local data if it is not interest to you.
Bill Mitchell — billy blog
What have mainstream macroeconomists learn’t? Short answer: nothing
(about the recent BIS paper of Claudio Borio)
The humanities is necessary but not sufficient for social transformation
Government budgets bear no relation to household budgets