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Showing posts with label real resources. Show all posts
Showing posts with label real resources. Show all posts
Monday, July 29, 2019

Bringing science into economics must necessarily entail measurements in the scientific units. Ikonoclast

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...Bringing science into economics must necessarily entail measurements in the scientific units above (plus the utilization of taxonomic sc...
6 comments:
Wednesday, June 20, 2018

Bill Mitchell — Real resource constraints and fiscal policy design

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There is an interesting dilemma currently emerging in Australia, which provides an excellent case study on how governments can use fiscal po...
3 comments:
Tuesday, April 17, 2018

Dirk Ehnts — John Maynard Keynes: “I could create, I could afford” (Public Service Employment)

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Here is a quote from John Maynard Keynes , writing in 1933: If I had the power today I should surely set out to endow our capital cities ...
2 comments:
Friday, November 6, 2015

John T. Harvey — Yes, There Is Such Thing As A Free Lunch

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With the presidential campaign season in full swing, a number of hopefuls have made a point of specifying the monetary cost of various gove...
10 comments:
Saturday, December 20, 2014

Cory Hoffman — The Collapse of the Russian Ruble Does Not Undermine the Central Premise of Modern Chartalism (MMT)

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The collapse of the demand for the Ruble in the face of falling oil prices concretely confirms the central premise of modern monetary theor...
7 comments:
Saturday, March 29, 2014

Neil Wilson — Scottish Independence - a Modern Money analysis

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Neil gets real. Forget about the money, look at the reality. Scotland has everything it need to be an independent nation and then some. Th...
Thursday, March 13, 2014

Peter Martin — Muddled Thinking Watch #1 “We will need decades of austerity not years” writes Phillip Booth in the Daily Telegraph

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Its not a question of whether it “can be afforded” in money terms but whether “it can be afforded” in resource terms. Present commitments ...
3 comments:
Friday, July 12, 2013

Der Spiegel — Ailing Infrastructure: Scrimping Threatens Germany's Future

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From the outside, Germany appears to have a robust economy. But a new study by a leading economic institute reveals that the country is inv...
Wednesday, May 1, 2013

John T.Harvey — Austerity Leads To... Austerity!

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Ever since this blog started about two years ago, I’ve been repeating over and over that what the economy needs is more deficit spending, n...
Monday, February 4, 2013

Randy Wray — Social Security’s Unfunded Entitlements: Much Ado About Nothing, Or Little To Do About Something?

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Back in January 2005, when President Bush was ramping up his attack on Social Security, Peter Wehner, a White House political strategist, w...
26 comments:
Monday, March 19, 2012

David A. Jones — Economic theology

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I consider mainstream (neoclassical) economics a kind of modern day theology, and the question about angels is akin to the question, “How m...

Richard Heinberg — What Is Sustainability?

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The essence of the term sustainable is “that which can  be maintained over time.” By implication, this means  that any society that is unsu...
1 comment: