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Tag Archives: Guest Blogger

Further evidence the government should and can be doing more to help the most vulnerable

I am tied up most of today in Sydney and so am handing over the blog responsibilities to our regular guest blogger, Professor Scott Baum from Griffith University who has been one of my regular research colleagues over a long period of time. Today he is writing about the impact the Australian Government’s COVID income supplement has had on financial stress and the need for continued support for our mot vulnerable households. Over to Scott who shows clearly that the persistence of poverty...

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I vote, I am unemployed and I live in your electorate

Today, we have a guest blogger in the guise of Professor Scott Baum from Griffith University who has been one of my regular research colleagues over a long period of time. Today he is writing about the uneven impact of the government’s withdrawal of its COVID economic support packages aka JobSeeker and JobKeeper. Keeping with some of his earlier blog posts here, Scott takes a spatial angle and considers what might be some of the implications when exposure to the impacts of the government’s...

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The gig economy – a shameful failure of the neoliberal project

Today, we have a guest blogger in the guise of Professor Scott Baum from Griffith University who has been one of my regular research colleagues over a long period of time. He indicated that he would like to contribute occasionally and that provides some diversity of voice although the focus remains on advancing our understanding of Modern Monetary Theory (MMT) and its applications. It also helps me a bit and at present I have several major writing deadlines approaching as well as a full diary...

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Governments should be working for everyone, not just the fortunate few

Today, we have another contribution from a guest blogger in the guise of Professor Scott Baum from Griffith University who has been one of my regular research colleagues over a long period of time. He indicated that he would like to contribute occasionally and that provides some diversity of voice although the focus remains on advancing our understanding of Modern Monetary Theory (MMT) and its applications. It also helps me a bit and at present I have several major writing deadlines...

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Why luxury watches shouldn’t be the most egregious news to come out of Canberra

Today, we have a guest blogger in the guise of Professor Scott Baum from Griffith University who has been one of my regular research colleagues over a long period of time. He indicated that he would like to contribute occasionally and that provides some diversity of voice although the focus remains on advancing our understanding of Modern Monetary Theory (MMT) and its applications. It also helps me a bit and at present I have several major writing deadlines approaching as well as a full diary...

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MMT is a Political Problem: Part 2

Thornton Parker       In the first part of this series, we explained why MMT should be seen as a political problem rather than just an educational one.  In this concluding part, we will discuss where MMT promotion is most likely to fail or have good chances of success.  First, consider some poor prospects.          All readers of NEP know how Social Security works and it seems like a natural for MMT.  But is it?  Wall Street sees the program as a leak from what should be their profitable...

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MMT is a Political Problem: Part 1

By Thornton Parker        The way a problem is seen can determine how or even if it gets solved.  When the French engineer, Ferdinand de Lesseps, was picked to build the Panama Canal, he saw it as another excavation problem as his Suez Canal had been.  But Egypt was flat and Panama had a mountain.  When the United States took over the job, John Stevens, who was put in charge, saw it as a railroad problem.  The biggest task was to move ninety-six million cubic yards of rock and earth, as...

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GW, CC, and MM

By Thornton Parker   The way a problem is seen may determine how or even if it gets solved.  Global warming (GW) and climate change (CC) are going to scramble many ideas about how developed economies work.  At root, GW and CC must be seen as money problems, and modern money (MM) is the key to solving them.         Energy companies spend money to find, extract, and market fossil fuels.  Other companies use money to create products and services that consume fossil fuel energy.  Money...

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How Far Can We Push This Thing? Some Optimistic Reflections on the Potential For Economic Experimentation

Crossposted from Phil Pilkington’s Blog – Fixing the Economists. Readers are probably aware that there is quite a lot of discussion of Modern Monetary Theory (MMT) and the potential for fiscal experimentation batting around at the moment. Others have weighed in on this already, and I have little to add. It is striking, however, that most of the push-back — where there is push-back — is not focused on trying to discredit the idea that we should engage in fiscal experimentation. Indeed,...

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Hy Minsky, Low Finance: Modern Money, Civil Rights, and Consumer Debt

By Raúl Carrillo I delivered the remarks published below at the First International Conference on MMT on September 22nd, 2017. The panel, entitled “Modern Money, Courts, and Civil Rights — Against Legal Predation”, explored the interplay between the cycle of crisis, austerity, and privatization, and the concomitant loss of rights for the public. I was joined by two esteemed law professors and friends of MMT: Angela P. Harris, formerly of UC Davis School of Law, and Martha McCluskey, of...

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