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
A bit off topic but...when is the Bill Mitchell and Randy Wray macroeconomics textbook coming out? Any news on that?
ReplyDeleteI have been following Billyblog for years now. The publishing date for that book has become a running joke.
ReplyDeleteDelamaide 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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