Heterodox
A recent twitter exchange with some Europhiles who believe that it is better to wait for some, as yet unspecified, incremental reform process for the Eurozone rather than precipitate exit and the restoration of currency sovereignty was summed up for me by one of the tweets from Andrew Watt. In trying to defend the abandonment of sovereignty and make a case for continuing with the so-called reform dialogue, he wrote (October 27, 2017): “Unemployment in “periphery” was v hi before €. Fell...
Read More »Bill Mitchell – billy blog When the mainstream Left gets lost down its Europhile hole
This is a longish post but well worth the read since it goes into the objections of the progressive left to MMT's emphasis on national institutions that are relevant to policy, and especially economic policy, both fiscal and monetary. [Andrew Watt] thinks our position is “indistinguishable from the extreme right” and thus demands a response. Inasmuch as the ‘extreme right’ has grasped the reality that globalisation does not mean the nation state should surrender its legislative remit and...
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