MMP Blog #39: MMT for Austrians: Disagreements Among Reasonable People
A response to John Carney’s published works because I think they are the most cogent MMT critiques the Austrians have to offer.
A response to John Carney’s published works because I think they are the most cogent MMT critiques the Austrians have to offer.
Attempts to cut deficit spending presume that government budget deficits are discretionary. If only the government were to try hard enough, it could slash its deficit.
Twitter Thread: Consumer Price Index is 9.1%. year over year. The Fed’s solution is to raise interest rates, killing the economy to bring down. A thread about establishment logic.  #CPI 9.1% Fed Chair Powell wants to raise unemployment and lower wages to fight inflation. Recession risk is a lower priority. https://www.marketplace.org/2022/05/12/fed-chair-jerome-powell-controlling-inflation-will-include-some-pain/ But, many sectors of the economy …
Fed Chairman Powell Wants Higher Unemployment to Stop Inflation Read More »
It is time to get ready to fight like hell to continue unemployment expansion and supplementation because we cannot count on Bernie or another clever progressive elected to make it happen.