Richard Murphy: For MMT (Long and Wonkish)

Yves here. Even though Richard Murphy is debunking some UK-based complaints (they don’t rise to the level of being critiques) about MMT, similar arguments come up in the US, so I thought his piece would…

Summer Reading List 2019

10 Books for Beach or Poolside This SummerA guidebook to life for college graduates, another work by two-time Pulitzer winner David McCullough and a meditation on thought and genius.Bloomberg, May 23, 2019      …

Fiscal austerity in Japan, by Scott Sumner

Because history is written by Keynesians, many people have a highly distorted view of fiscal policy.  They attribute the double dip Eurozone recession (2011-13) to fiscal austerity, whereas it was actually caused by an extremely…

Virtue and vice signalling, by Scott Sumner

Robert Shrimsley has an amusing piece in the Financial Times, which discusses virtue signalling: Virtue-signalling, for those who have never felt drawn to the term, is the apparently modern crime of trying to be seen…