Pages

▼

Pages

▼

Tuesday, October 26, 2021

The New Economics Foundation talks fiscal rules within the context of MMT – even if they aren’t saying so – and the result is really good — Richard Murphy

More signs the debate is shifting.

Tax Research UK
The New Economics Foundation talks fiscal rules within the context of MMT – even if they aren’t saying so – and the result is really good
Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum
https://www.taxresearch.org.uk/Blog/2021/10/26/the-new-economics-foundation-talks-fiscal-rules-within-the-context-of-mmt-even-if-they-arent-saying-so-and-the-result-is-really-good/
at

3 comments:

  1. FootsoldierOctober 28, 2021 at 4:52 PM

    Now the liberals are in charge of the Labour party again. Rachel Reeves mentioned a ” value for money ” group to monitor fiscal policy.

    Is this not just Simon Wren Lewis and Jonathan Portes idea of fiscal councils being introduced ? After all these guys have so much more power over the left’s economic policies now the liberals are back in charge.

    Fiscal referees, value for money group is creeping into the narrative a lot more nowadays. Surely those associated with Wren Lewis and Portes are pushing this ? Just with a different name.

    What do you make of it ?

    The same or something different ?



    ReplyDelete
  2. FootsoldierOctober 28, 2021 at 5:00 PM

    For me this just to get the Fiscal Credibility Rule supported by Wren Lewis and Portes in via the back door ?

    Forget the official Rule, apparently, there is a secret Fiscal Credibility Rule

    http://bilbo.economicoutlook.net/blog/?p=42576


    ReplyDelete
  3. FootsoldierOctober 28, 2021 at 5:07 PM

    Bill done a 3 part series on it


    The New Keynesian fiscal rules that mislead British Labour – Part 1


    http://bilbo.economicoutlook.net/blog/?p=38776


    The New Keynesian fiscal rules that mislead British Labour – Part 2


    http://bilbo.economicoutlook.net/blog/?p=38779


    The New Keynesian fiscal rules that mislead British Labour – Part 3


    http://bilbo.economicoutlook.net/blog/?p=38796



    I would be very wary of these people promoting these fiscal referees and value for money group within government.


    Because Bill met with the Labour party and destroyed these fiscal rules. This could be a way they are getting them introduced via the back door.


    Another step towards a technocratic government


    Who gets to pick who are the fiscal referees and value for money group and how do we The voter get rid of them ?



    ReplyDelete