Monetary policy versus fiscal policy | Finn E. Kydland
21 Nov 2016 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, macroeconomics, monetary economics Tags: Finn Kydland
The Great Recession
14 Nov 2016 Leave a comment
in Euro crisis, fiscal policy, global financial crisis (GFC), great recession, macroeconomics
Still more reasons for Scotland, in the name of God, go
30 Oct 2016 Leave a comment
in fiscal policy, macroeconomics Tags: Scotland
The Broken Window Fallacy
26 Oct 2016 1 Comment
in budget deficits, business cycles, economic growth, economics, fiscal policy, macroeconomics Tags: crowding out
Does inflation stimulate the economy? | Robert E. Lucas
19 Oct 2016 Leave a comment
in fiscal policy, macroeconomics, monetary economics, Robert E. Lucas Tags: fiscal stimulus
Milton Friedman – Congressional House Economic Task Force (1993)
15 Oct 2016 Leave a comment
in economic history, fiscal policy, great depression, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: fiscal stimulus
More reasons to expel Scotland from the United Kingdom
13 Oct 2016 Leave a comment
in constitutional political economy, fiscal policy
Tom Sargent on Macroeconomic Theory and the Crisis
12 Jun 2016 Leave a comment
in business cycles, currency unions, economics, Euro crisis, fiscal policy, global financial crisis (GFC), great recession, macroeconomics, monetary economics Tags: Tom Sargent
US tax rates before and after government transfers
11 Jun 2016 Leave a comment
in fiscal policy, politics - USA, public economics
why no protests against #UBI bureaucratic job losses but #TPPANoWay protests aplenty about jobs?
08 Jun 2016 Leave a comment
in fiscal policy, labour economics, politics - Australia, politics - New Zealand, politics - USA, poverty and inequality, public economics Tags: expressive voting, growth of government, rational rationality, size of government, social insurance, universal basic income
The universal basic income is a rare bird for the left. It is the only time the usual suspects on the left are happy to cut government bureaucracy.
Furthermore, the left makes no inquiries as to how these redundant bureaucrats who administered the welfare state will find jobs. The market is left to work its magic for once. How convenient.
When a tariff cut is proposed, a trade deal signed, or job reduction in a bureaucracy suggested perhaps as the result of a privatisation, left-wing activists chain themselves to factory gates or government offices in solidarity. The social upheaval from the job losses among existing workers and their dim prospects of reemployment are paramount in their minds.
Why in the case of a universal basic income is the left so relaxed about job losses. Indeed, it celebrates as an advantage of a universal basic income that “Most of the bureaucracy of the welfare system [is] swept away” .
The universal basic income is the only time the left welcomes a reduction in bureaucracy and the role in the state. This switch from welfare payments to a universal basic income does not make those on the benefit any better off. Normally they are worse off under a universal basic income.
None of the the less well groups which of the concern of the left gain from a universal basic income. Despite this, they sell the jobs of their comrades in the public sector down the river.
I cannot believe the explanation is job losses are OK as long as they are the result of left-wing policies. Unless the labour market is liberalised, its ability to find new jobs for workers, for example, made redundant in the public sector after the introduction of a universal basic income is not any under greater than under a right-wing policy that costs jobs.
General government net financial liabilities as % Portuguese, Italian, Greek, Spanish and Irish GDPs
03 Jun 2016 Leave a comment
in budget deficits, business cycles, economic growth, economic history, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), macroeconomics Tags: Greece, Ireland, Italy, Portugal, public debt management, sovereign debt crises, sovereign defaults, Spain
I had borrowed a lot of money from scratch after 2007. Greece borrowed a lot of money of its own accord from 2010. Italy always owed a lot of money. Spanish do not know all that much money considering their dire financial circumstances.
Source: OECD Economic Outlook June 2016 Data extracted on 01 Jun 2016 12:57 UTC (GMT) from OECD.Stat
Utopia, you are standing in it! 
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