by Summary:
Non-sequitur. Sandronsky criticizes Jerry Brown for being anti-Keynesian and then admits that US states don't have the same fiscal space as the general government. Why then does Gov. Brown ignore Keynes’ insights on government or state spending to spur the economy? One reason is that state governments are unable to run deficits in the way that Uncle Sam can. Another is that Gov. Brown is reserving state revenue to repay Wall St. creditors in a downturn. The state issues bonds that these elites hold and push policies that favor their class interests. This is no conspiracy theory, just the everyday workings of public policy in a capitalist society. CounterpunchGov. Brown, Meet Mr. KeynesSeth Sandronsky, a Sacramento journalist and member of the freelancers unit of the Pacific Media Workers
Topics:
Mike Norman considers the following as important: currency issuer, currency users, Jerry Brown, Post Keynesian Economics
This could be interesting, too:
Non-sequitur. Sandronsky criticizes Jerry Brown for being anti-Keynesian and then admits that US states don't have the same fiscal space as the general government. Why then does Gov. Brown ignore Keynes’ insights on government or state spending to spur the economy? One reason is that state governments are unable to run deficits in the way that Uncle Sam can. Another is that Gov. Brown is reserving state revenue to repay Wall St. creditors in a downturn. The state issues bonds that these elites hold and push policies that favor their class interests. This is no conspiracy theory, just the everyday workings of public policy in a capitalist society. CounterpunchGov. Brown, Meet Mr. KeynesSeth Sandronsky, a Sacramento journalist and member of the freelancers unit of the Pacific Media Workers
Topics:
Mike Norman considers the following as important: currency issuer, currency users, Jerry Brown, Post Keynesian Economics
This could be interesting, too:
Mike Norman writes Why the fantasy world of neoclassical economics is undermining our wellbeing — Richard Murphy
Mike Norman writes ‘Fridays for Keynesianism’ — Peter Bofinger
Mike Norman writes George A. Akerlof — What They Were Thinking Then: The Consequences for Macroeconomics during the Past 60 Years
Mike Norman writes The State Of MMT? — Brian Romanchuk
Non-sequitur. Sandronsky criticizes Jerry Brown for being anti-Keynesian and then admits that US states don't have the same fiscal space as the general government.
Why then does Gov. Brown ignore Keynes’ insights on government or state spending to spur the economy? One reason is that state governments are unable to run deficits in the way that Uncle Sam can. Another is that Gov. Brown is reserving state revenue to repay Wall St. creditors in a downturn. The state issues bonds that these elites hold and push policies that favor their class interests. This is no conspiracy theory, just the everyday workings of public policy in a capitalist society.Counterpunch
Gov. Brown, Meet Mr. Keynes
Seth Sandronsky, a Sacramento journalist and member of the freelancers unit of the Pacific Media Workers Guild