Naked Keynesianism

On Matters Of Macroeconomics, Even A Beautiful Mind Can Go Astray -- Ramanan on Nash's monetarists views when it comes to macroeconomics. Bob Pollin had told me about Nash's presentation in Amherst and how he held views that were akin to gold bugs.Expect little, and you will be rewarded: part three -- Max Sawicky on the tax aspects of the progressive agenda, and how it does not include income from capital in the tax base. There are other 3 posts on the agenda to combat inequality.From boring...

I wrote a while ago about currency crises (see here). There I suggested that classical-Keynesian or post-Keynesian views on currency crises invert the causality between fiscal and balance of payments problems in a currency crisis. Currency crises are not caused by excessive fiscal spending financed by monetary emissions, which would lead to inflation, and eventually after a run on the currency and depletion of reserves to a devaluation, but on current account problems.There two key problems...