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Showing posts with label household analogy. Show all posts
Showing posts with label household analogy. Show all posts
Friday, February 22, 2019

Jared Dillian — It's Dumb To Have No Gold Amid All Of This

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A bit of ideological bias at work influencing view of causality, namely, that austerity is expansionary because saving funds investment? ...
Tuesday, January 15, 2019

Harje Ronngard — She's Not Serious…Is She?

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What happens when a business runs at a loss? If it happens for long enough, eventually it’ll go bust. So why should it be any different...
Sunday, December 30, 2018

Heiner Flassbeck — The debtor is always guilty

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In German debt and guilt are the same word: Schuld. So, in Germany, debt has a morally negative connotation. Further, the state budget is r...
13 comments:
Thursday, December 6, 2018

UK Labour’s Fiscal Credibility Rule: Neoliberal Orthodoxy Dies Hard — Joe Emersberger interviews Bill Mitchell

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MMT! The problem is that when you just define these fiscal aggregates within their own financial terms you’re really losing the purpose...
4 comments:
Thursday, October 25, 2018

John Lounsbury — Documentary Of The Week: But How Will We Pay For It?

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On Stephanie Kelton and MMT. econintersect.com Documentary Of The Week: But How Will We Pay For It? John Lounsbury See also at econi...
1 comment:
Wednesday, August 1, 2018

Bill Mitchell – The government is not a household and imports are still a benefit

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A key post on MMT. Plus, it is short. Bill Mitchell – billy blog The government is not a household and imports are still a benefit Bill...
26 comments:
Monday, June 11, 2018

Ellis Winningham — The Bond Market Doesn’t Control Anything; the Currency-Issuing National Government Does

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More myth debunking. Ellis Winningham — MMT and Modern Macroeconomics The Bond Market Doesn’t Control Anything; the Currency-Issuing Natio...
15 comments:
Thursday, April 9, 2015

Ann Pettifore — Is there no such thing as public money, only taxpayers money, as PM asserts? Was £375bn of QE raised from taxpayers?

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Lump of money fallacy. We disagree with the ‘there is no money’ mantra. Within a sound financial and monetary system, there need never ...
Thursday, March 12, 2015

Brian Romanchuk — Note To Reporters: You Cannot Analyse A Sovereign Like A Corporation

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Reporters and (apparently) readers have a hard time differentiating between the different fields within finance, and so they happily treat ...
Friday, February 27, 2015

Geoff Coventry — When good analogies go bad

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We've all heard it. "If I ran my business like the government I'd be bankrupt". It sounds so intuitive; so moral. It wo...
Monday, February 16, 2015

Bill Mitchell — The Australian government is not akin to a household

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There was an extraordinary article published on the University of New South Wales News page (January 29, 2015) by a Professor of Finance (P...
4 comments:
Tuesday, January 13, 2015

Warwick Smith — Repeat after me: the Australian economy is not like a household budget

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MMT. The Guardian Repeat after me: the Australian economy is not like a household budget Warwick Smith |  chairman of  ANZ   New South...
Thursday, November 28, 2013

Robert Skidelsky — Four Fallacies of the Second Great Depression

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Robert Skidelsky demolishes of four popular fallacies: 1. That because it makes sense for a household to live within it’s means, that theref...
Tuesday, October 29, 2013

Bob Veres — Why Deficits Don't Matter

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Stephanie Kelton, Associate Professor of Economics at the University of Missouri/Kansas City, believes that the root of all these problems ...
15 comments:
Sunday, October 27, 2013

Winterspeak — No Conspiracy Needed -- the debt ceiling is Sound Finance

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As usual, Winterspeak lays out the MMT-functional finance position clearly. No Conspiracy Needed -- the debt ceiling is Sound Finance Winter...
Wednesday, October 16, 2013

Rodger Mitchell — The single reason for the repeated U.S. financial crises

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Spoiler: It's the government is like a household analogy. As long as a vast majority believes this, progress on the fiscal front is goin...
14 comments:
Monday, July 29, 2013

Bill Mitchell on Marriner Eccles

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[Economic liberals] deliberately create unemployment and poverty and try to spin a narrative that this is labour market reform or essential...
6 comments:
Sunday, June 23, 2013

Rodger Malcolm Mitchell — What the heck is a “meme” and why should you care?

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I would add that "meme" was proposed by evolutionary biologist Richard Dawkins in The Selfish Gene (1976) as an explanation for ...
Friday, June 14, 2013

Nick Rowe — Words and wartime austerity

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"Austerity" and "profligacy" are perfectly good words to describe the consumption decisions of a household. But they ar...
2 comments:
Friday, March 1, 2013

Bruce Bartlett — Mismeasurement of Federal Spending, Investment and Saving

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One solution to this problem [of cutting government investment in deficit reduction] would be to have a capital budget that segregates gove...
2 comments: