The Coronavirus Crisis has caused economic havoc. In this article, Warren Mosler and Dirk Ehnts discuss policy proposals that are informed by Modern Monetary Theory (MMT). Brave New EuropeDirk Ehnts, Warren Mosler – A Euro Zone Proposal for Fighting the Economic Consequences of the Coronavirus CrisisWarren's draft proposal for the US from his Twitter feed:
Read More »Coronavirus crisis: now is the hour of Modern Monetary Theory — Peter Bofinger
Peter Bofinger argues MMT provides intellectual justification for a ‘whatever it takes’ fiscal response to potentially the biggest global postwar economic challenge.... Social EuropeCoronavirus crisis: now is the hour of Modern Monetary TheoryPeter Bofinger | professor of economics at Würzburg University and a former member of the German Council of Economic Experts
Read More »A Simple Way to Help Keep the COVID-19 Economy Working — Mark Roe
If the economy is to be saved before the pandemic wipes it out, it will happen on the public-health front. And here, the least important medically• of the three major biomedical channels now in play may well be the one that could impede economic Armageddon.... • General testing is important medically in developing herd immunity longterm. It is of immediate use economically in determine who can work.As I was driving through Albuquerque this weekend, I saw a billboard advertising free...
Read More »What Would Roosevelt Do? — Pavlina Tcherneva
The US government should pull out all the stops in mitigating the economic fallout from COVID-19, not just by disbursing cash to all households, but also by implementing a federal job guarantee and many other long-overdue policies. After all, for a self-financing government, money is no object. Project SyndicateWhat Would Roosevelt Do? Pavlina Tcherneva | Assistant Professor of Economics at Bard College, Research Scholar at The Levy Economics Institute, and Senior Research Associate at the...
Read More »Catching up with Brian’s posts
Catching up with Brian's posts.Bond EconomicsA Comment On Ramanan's Critique Of Fulwiler's Debt Sustainability AnalysisPrimer: The Trillion Dollar Coin Ending Lockdown?Brian Romanchuk
Read More »Stephanie Kelton — Just Use ‘the Computer’ to Give People More Money
Tom back in Iowa City catching up on posting.I don't usually link to the NYT owing to the paywall and the propaganda, but this is an exception. The Times is making this op/ed available free. If you didn't catch Stephanie's opinion piece already, here it is. Congress has all the firepower it needs. It just needs to send spending instructions to the Federal Reserve, as it always does. New York Time Stephanie Kelton: Just Use ‘the Computer’ to Give People More Money Stephanie Kelton |...
Read More »IPA’s weekly links
Guest post by Jeff Mosenkis of Innovations for Poverty Action. It’s a little tricky to write links when it feels like things are changing hourly. Here’s the main message to keep in mind for the research community – you can do more than idle your projects. COVID-19 will affect every aspect of development, health, education, entrepreneurship, mobile money, cash transfers, political systems and trust in authority. But, if you have a research expertise in some area of development, now’s the time...
Read More »Moscow Mitch was hoping the fever would break
[embedded content]The closing remarks of Moscow Mitch McConnell statement before the vote to spare Donald John Trump his presidency. He was talking about “factional fever” that the “framers” referred to as a concern for majorities acting in a partisan manor. And yet, here we are.
Read More »Awara — Due to coronavirus, foreigners are restricted from entering Russia from March 18 to May 1
The order applies to all foreign citizens (including citizens of Belarus) and stateless persons.Also, the Ministry of Internal Affairs of the Russian Federation will temporarily not issue: invitations to enter the Russian Federation permits to hire and use foreign workers work permits for foreigners... The Russian Federation had already closed the border with China. So far, the Russian Federation has escaped the pandemic. AwaraDue to coronavirus, foreigners are restricted from entering...
Read More »The National Emergency — Patrick Lawrence
If there were no chance of growing ourselves out of these dire circumstances, one would not produce documentaries, write columns, or get out of bed in the morning. But we must grasp and address four essential truths if we are to do any of this growing.... Consortium NewsThe National Emergency Patrick Lawrence
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