Friday, 31 July 2020

Does Bill Mitchell advocate Workfare?

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Bill Mitchell (co founder of MMT) said in an article recently: “Compare that with the Job Guarantee that I have consistently advocated over...
2 comments:
Thursday, 30 July 2020

Neanderthal economics from the “Economics Observatory”.

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In case you’re under the illusion that so called “professional” economists have learned to distinguish between micro and macro-economics in ...
Thursday, 23 July 2020

OMG: Jagjit Chadha of the NIESR writes another article.

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Jagjit Chadha, director of the National Institute of Economic and Social Research has unfortunately written another article . It’s enti...
Saturday, 18 July 2020

Positive Money’s flawed “Money We Trust” report.

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“Money We Trust” is a work or report produced by Positive Money about so called “Central Bank Digital Currency” (CBDC) which is a name...
1 comment:
Wednesday, 15 July 2020

The IFS and NIESR’s questionable grasp of macro.

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  The people at the UK's Institute of Fiscal Studies are doubtless good bean counters as the name of the organisation implies, bu...
Monday, 13 July 2020

Remove bank subsidies, and the existing fractional reserve system automatically becomes a full reserve bank system.

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For several centuries prior to the mid 1900s, when deposit insurance was introduced, one of the basic activities of banks was to acc...
1 comment:
Monday, 6 July 2020

Banks intermediate between lenders and borrowers.

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It has become fashionable recently to claim that commercial banks do not intermediate between lenders and borrowers, but rather that banks ...
2 comments: