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A note on the ineffectiveness of monetary stimulus 26 Aug 2013 | 01:56 pm
A commenter on the previous post raised the idea, promoted by the “market monetarist” school, that monetary policy is so effective as to make fiscal policy entirely unnecessary, at least when interest...
Fiscal multipliers and employment (wonkish) 26 Aug 2013 | 03:40 am
With two weeks to go in the election campaign, we still haven’t seen anything resembling a budget proposal from Tony Abbott and the LNP. Various people have made estimates of the cost of his promises ...
Cronyism and the global city again (crosspost from crookedtimber.org) 24 Aug 2013 | 09:25 am
Alex Pareene at Salon points to a bunch of evidence showing, in essence, that the rich look out for themselves and their kids, and no one else, then to a piece by Andrew Ross Sorkin defending nepotism...
LOVEINT 24 Aug 2013 | 09:23 am
The drip feed of revelations about spying by NSA, related agencies and international subsidiaries like ASIO/ASIS, is taking on a familiar pattern. Take some long-held suspicion about what they might b...
The failure of austerity in Europe 22 Aug 2013 | 07:13 am
The Don Dunstan foundation (with which I have an affiliation) has released a report by Dexter Whitfield, Director of the European Services Strategy Unit, giving chapter and verse on the failure of aus...
NBN: we would have been better off without privatisation 22 Aug 2013 | 01:56 am
I have (over the fold) a piece in The Guardian, making the fairly obvious point that both the need for a publicly-owned NBN and much of the cost are the result of the decision to privatise Telstra, an...
Reading the economic theories of Rudd and Abbott 20 Aug 2013 | 02:29 am
That’s the headline for my latest piece in Crikey, over the fold Kevin Rudd’s suggestion that Opposition budget cuts could cause a recession seems, on the face of it, like just another round of the p...
Sandpit 19 Aug 2013 | 03:14 am
A new sandpit for long side discussions, idees fixes and so on.
Monday Message Board 19 Aug 2013 | 03:12 am
It’s time for another Monday Message Board. Post comments on any topic. As usual, civilised discussion and no coarse language. Lengthy side discussions to the sandpits, please.
Krugman, Keynes, Kalecki, Konczal 18 Aug 2013 | 03:50 pm
Paul Krugman’s recent columns, responding in various ways to JM Keynes, Michal Kalecki and Mike Konczal have made interesting reading, signalling a marked shift to the left both on economic theory and...
