It is Wednesday and I have been tied up all day working on the MOOC that will be launched in early March. We have been filming a lot and it is starting to take shape (see below for more details on how you can enrol). So just a light blog day but that doesn’t mean what I am writing is trivial. The two stories demonstrate how far we have to go on the progressive side of the debate before we actually make progress. It is, unfortunately a repeating tale and it is hard to define a strategy that will get through the blockades that some progressives erect that sustain neoliberalism at its most elemental level. While the British Labour Party is aiming to reinvent itself by pitching its message at the worst element of the voters that it has lost in recent years – patriotism, flags etc – that sort of nonsense – progressives in Australia are revealing how regressive they can be....
Over the last several months by way of advancing Modern Monetary Theory (MMT) education initiatives, we have been involved in development a MOOC that will be launched in March 2021.Bill Mitchell – billy blog
I am working with – NewcastleX – which is my university’s digital team to create the course material which will be available all around the world for free.
That is the philosophy of a MOOC.
The course – Modern Monetary Theory: Economics for the 21st Century– will start on March 3, 2021 and you can get all the enrolment details (it is free) from the link....
When progressives remain regressive
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
3 comments:
it is hard to define a strategy that will get through the blockades that some progressives erect that sustain neoliberalism at its most elemental level. Bill Mitchell
Except MMT's proposals for INCREASED* privileges for private depository institutions (aka "the banks") would seem to be bedrock neoliberalism.
Oh, I know, "asset side regulation" is meant to cure the inherent injustice of government privileges for private credit creation - especially if "enlightened" folks like Tom Hickey are in charge? Boring ...
*e.g. unlimited deposit guarantees FOR FREE.
*e.g. unlimited, unsecured loans at ZERO PERCENT INTEREST for banks.
Andrew,
"*e.g. unlimited, unsecured loans at ZERO PERCENT INTEREST for banks."
This is of no value to banks.
Banking is a spread business. It makes no difference to banks whether they earn 4% and pay 2% or they earn 2% and pay 0%. The spread is the same either way.
Actually, ANY loan from the Central Bank at ANY interest rate (except for the monetary sovereign) constitutes fiat creation for private interests and thus violates equal protection under the law.
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