Austerity

Created
Tue, 04/07/2023 - 06:59

MMT strips way the veil of neo-liberal ideology that mainstream macroeconomists use to restrict government spending. We learn that these constraints are purely voluntary and have no intrinsic status. This …

The post While opposing political parties play the fiscal credibility game, people get hurt. appeared first on The Gower Initiative for Modern Money Studies.

Created
Mon, 05/06/2023 - 02:27

“It is a trope of twentieth and twenty-first century-life that governments faced with financial shortfalls look first to the services they provide their citizens when making cuts. Instances like these …

The post Politicians’ fine-sounding pledges offer little more than a deceitful illusion when sound finances dictate the strategy appeared first on The Gower Initiative for Modern Money Studies.