Auerback, Galbraith, Hudson, Kelton, Wray, Tcherneva provide an MMT-based critique of Trumponomics.
Trumponomics: causes and consequences – Part I – RWER issue no. 78
Preface download pdf
Trumponomics: everything to fear including fear itself? 3
Jamie Morgan download pdf
Jamie Morgan download pdf
Can Trump overcome secular stagnation? 20
James K. Galbraith download pdf
James K. Galbraith download pdf
Trump through a Polanyi lens: considering community well-being 28
Anne Mayhew download pdf
Anne Mayhew download pdf
Trump is Obama’s legacy. Will this break up the Democratic Party? 36
Michael Hudson download pdf
Michael Hudson download pdf
Causes and consequences of President Donald Trump 44
Ann Pettifor download pdf
Ann Pettifor download pdf
Explaining the rise of Donald Trump 54
Marshall Auerback download pdf
Marshall Auerback download pdf
Class and Trumponomics 62
David F. Ruccio download pdf
David F. Ruccio download pdf
Trump’s Growthism: its roots in neoclassical economic theory 86
Herman Daly download pdf
Herman Daly download pdf
Trumponomics: causes and prospects 98
L. Randall Wray download pdf
L. Randall Wray download pdf
The fall of the US middle class and the hair-raising ascent of Donald Trump
Steven Pressman download pdf 112
Steven Pressman download pdf 112
Mourning in America: the corporate/government/media complex 125
Neva Goodwin download pdf
Neva Goodwin download pdf
How the Donald can save America from capital despotism 132
Stephen T. Ziliak download pdf
Stephen T. Ziliak download pdf
Prolegomenon to a defense of the City of Gold 141
David A. Westbrook download pdf
David A. Westbrook download pdf
Trump’s bait and switch: job creation in the midst of welfare state sabotage
Pavlina R. Tcherneva download pdf 148
Pavlina R. Tcherneva download pdf 148
Can ‘Trumponomics’ extend the recovery? 159
Stephanie Kelton download pdf
Stephanie Kelton download pdf
Board of Editors, past contributors, submissions and etc. 173
9 comments:
Bridgewater's own reckoning of "populism"
What does it mean when Dalio's elite Wall Streeters sound nearly as pessimistic and left-wing about inequality as all the economists and Piketty and Trotsky's Grandkid?
It doesn't make sense to me because the view out my window isn't that bad.
These are mostly boomers and Title 7 beneficiaries commenting here... so you will get those types of peoples povs...
Lots of virtue signaling ...
Galbraith:
"As with Reagan, higher interest rates – especially if they come before the fiscal effects kick in, will play havoc with credit-dependent sectors of the economy. Here at home, the pinch may fall largely on corporate borrowing and on automobile and student loans. The net depends on scale and timing: under Reagan the recession came first, because the monetary shock was very strong and it hit before the tax cuts and military spending boom took effect. This pattern could be repeated, even though the level of nominal interest rates need not approach the extremes of the early 1980s. But an equally or more important effect could come from the consequences of this policy mix for a price that Trump and his team do not directly control: the exchange rate of the US dollar.
Expected higher interest rates have already raised the value of the dollar. Higher interest rates will drive it up even more."
I would be interested to look at net TGA withdrawals leading up to the first Reagan recession.... I don't think the data exists ... my hunch would be withdrawals were flat to down ....
... then as I remember it it was a moonshot with the higher rates until they did the tax increases in 1986 and collapsed the price of property by increasing the depreciation of property from 15 years to the 27.5 years and created the S&L crisis....
Also Galbraith is bullish USD with the higher rates... we'll see...
TrumpRyanomics = Ordoliberalism?
"I would be interested to look at net TGA withdrawals leading up to the first Reagan recession.... I don't think the data exists"
Give 'em a call at the:
Budget Reports Division
(202) 874-8044
My guess is there aren't digital records transcribed to the website but they have paper copies available going back forever.
"Hi I'm Matt Franko, a reporter from Mike Norman Economics" --> You know that gets an instant hang-up from the information official at the Treasury. Infamous MMT bastards in an orthodox world.
Ryan it would be now the CMS at US Treasury... you have to get the Cash Basis reports like the DTS reports out these days... if it's not cash basis I don't look at it...
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