tag:blogger.com,1999:blog-2761684730989137546.post2284207440805188546..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Bill Mitchell — The New Keynesian fiscal rules that mislead British Labour – Part 1, 2 & 3mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-75144999376465461322018-02-28T19:51:22.832-05:002018-02-28T19:51:22.832-05:00“supply side monetarists”
Moron cocktail....“supply side monetarists”<br /><br />Moron cocktail....Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-61922265376978585542018-02-28T18:30:56.591-05:002018-02-28T18:30:56.591-05:00Wren Lewis went on the attack yesterday on his blo...Wren Lewis went on the attack yesterday on his blog<br /><br />“Even worse are Lexiters who have listened to too much MMT type rhetoric, and think that ‘taxes do not finance spending’ and that therefore slow growth and less taxes put no constraint on what Labour can spend. This is nonsense even in an MMT type world, because trade destruction would mean inflation would become a constraint on spending much more quickly . In the real world where the Bank of England controls inflation, ignoring a lower tax take would result in higher deficits and borrowing which is ruled out by Labour’s very good fiscal credibility rule. Labour will try to stick to this rule, which means government spending will be much tighter after Brexit than without Brexit.”<br /><br /><br />Don't you just hate aupply side monetarists.Footsoldierhttps://www.blogger.com/profile/06061374661482934570noreply@blogger.com