Here’s a good post on the current sorry state of economic policy in the US and Europe: http://www.marketwatch.com/story/obsolete-dogmas-are-crippling-the-world-economy-2014-11-14?page=2
The author, Darrell Delamaide, gives a shout-out to MMT…
Economonitor — Great Leap Forward
Sorry for the near-hiatus over the past weeks–I’ve been doing a lot of traveling.L. Randall Wray | Professor of Economics, University of Missouri at Kansas City
3 comments:
A bit off topic but...when is the Bill Mitchell and Randy Wray macroeconomics textbook coming out? Any news on that?
I have been following Billyblog for years now. The publishing date for that book has become a running joke.
Delamaide claims the US can take loads more stimulus. I doubt it, given that unemployment is back to where it was prior to the crisis, isn't it? The participation rate is still down, but that COULD BE part of a long term trend, rather than an effect of the crisis. After all, that downward trend started WELL BEFORE THE CRISIS.
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