Tag Archives: GND

Important if you are interested in the future of the planet and think that carbon is an issue.Tax Research UKOn sustainable cost accountingRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum

Pavlina Tcherneva recently participated in a hearing before a parliamentary group (La France insoumise) of France’s National Assembly on the subject of the Green New Deal and the job guarantee (the intro is in French; Tcherneva’s testimony is in English):Multiplier EffectTcherneva on the Green New Deal and Job Guarantee in France Michael Stevens

We at CleanTechnica have been looking at the various 2020 US Democratic candidates for president (here, here, and here) and their funding plans for a clean energy future. We (and they) have learned a lot about what it will take to not only usher in an energy future devoid of fossil fuels but also to pay for such a transition. Maybe it’s time, though, to put at least some of the politics aside and see what economists and researchers out there are saying about investing in clean energy,...

Sustainable cost accounting and the political necessity of addressing reality.Tax Research UKBusiness has to change its accounting for the climate crisis and Mark Carney needs to go further than he’s suggesting is necessaryLabour needs to drop the Green Industrial Revolution: we need a Green New Deal, and they’re nothing like the same thingRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive...

In the end, MMT looks like an extreme version of conventional economics in which there is no independent monetary policy and there are a lot of unused resources. But when resources get tight, the reflex is command and control central planning. This cuts to the quick of it. The question is how much market state (where free markets determine outcomes, in theory at least) and how much welfare state (where the economy is managed based on desired outcomes). This is an ongoing dialectic among...

And so, if the youth care more for the environment than they do about money, and if ageing parents care about their money more than they do about their children, then generational looms. However, one possible way to defer this clash involves the oldest trick in the book. And that is more money for everyone; for the GND, for Medicare, Medicaid, Soc Sec, tax cuts. Enter MMT.... Zero HedgeHedge Fund CIO: "Generational Conflict Will Be The Top Theme Of The Coming Decades: Enter MMT"Tyler Durden

The correct question is, Can we not afford a GND? So when we look at the cost of the climate proposals out there against today’s macroeconomic background, the question should not be, are they too expensive? The question should be: Are they expensive enough? The purpose of policy is meeting policy goals effectively and efficiently. This means getting as close as possible in the design solution to "just right — not too much and not too little."But in the case of serious challenges...

This is Part 2 of the series I started earlier this week in – An MMT-Green New Deal and the financial markets – Part 1 (September 2, 2019). In the first part, I discussed Chapter 12 in John Maynard Keynes’ General Theory, published in 1936, where he outlined how the growth of financial markets was distorting investment choices and biasing them towards speculative wealth-shuffling exercises, which had the potential to destabilise prosperity generated by the real economy (production,...

Next week, I am attending a meeting which I hope will finalise discussions I have been having with some key prospective partners in putting together a major MMT-Green New Deal initiative in Australia which will have global ramifications. It will bring together MMT with climate action and indigenous rights interests. We propose to begin a ‘roadshow’ in November to start our campaign. Our discussions to date have been very productive and we will issue a ‘White Paper’ in the coming months to...

Presidential contender Sen. Bernie Sanders (I-Vt.) on Monday released a plan to protect independent news outlets and journalists from the effects of widespread media consolidation.Sanders, decrying the mega-mergers he says have led to a handful of large corporations acting as gatekeepers for the information most Americans receive, calls for concrete steps “to rebuild and protect a diverse and truly independent press so that real journalists can do the critical jobs that they love” in an...