Tuesday , April 23 2024
Home / Mike Norman Economics / Ben Chacko – Modern Monetary Theory: meet the economists fighting the economy

Ben Chacko – Modern Monetary Theory: meet the economists fighting the economy

Summary:
Morning Star editor Ben Chacko speaks to BILL MITCHELL about the new hypothesis disproving the core assumptions of neoliberalism A good interview of Bill Mitchell from the Morning Star.Art installation : Neoliberal Pay and Sit Bench [embedded content] A Shift away from a neoliberal fixation with jobs providing profit would allow a more rational approach. In his 1980s book on walking Britain’s coast The Kingdom by the Sea, Paul Theroux notes the Thatcher government’s determination to close branch railway lines because they aren’t profitable — before observing “though neither are motorways.” The fact that you pay for things because they are useful, rather than profitable, is the whole rationale for public services from the fire brigade to the police force, but disappears as soon as

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Stavros Mavroudeas writes «Οι καταστροφικές επιπτώσεις της ΕΕ στην Ελλάδα και τους εργαζόμενους» – Στ.Μαυρουδέας ΠΡΙΝ 20-21/4/2024

Stavros Mavroudeas writes «Κοινωνικές επιστήμες: είδος υπό εξαφάνιση;» – εκδήλωση Παντειέρα-Attac, 23/4/2024, 5.30μμ Πάντειο

Joel Eissenberg writes Credit where credit is due

Bill Haskell writes Trump’s election interference trial in Manhattan

Morning Star editor Ben Chacko speaks to BILL MITCHELL about the new hypothesis disproving the core assumptions of neoliberalism



A good interview of Bill Mitchell from the Morning Star.

Art installation : Neoliberal Pay and Sit Bench

A Shift away from a neoliberal fixation with jobs providing profit would allow a more rational approach. In his 1980s book on walking Britain’s coast The Kingdom by the Sea, Paul Theroux notes the Thatcher government’s determination to close branch railway lines because they aren’t profitable — before observing “though neither are motorways.”

The fact that you pay for things because they are useful, rather than profitable, is the whole rationale for public services from the fire brigade to the police force, but disappears as soon as services are marketised — hence the government’s drive to remove guards from trains despite the social benefits of ensuring disabled access to transport or protecting those travelling alone from harassment or assault.

Ben Chacko - Modern Monetary Theory: meet the economists fighting the economy

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *