Inequality
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.
“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.
by Gregory M. Mikkelson
In late summer of 2001 I moved from the USA to Canada, where my rose-colored glasses paradoxically made the grass look even greener. While President Bush had just reneged on the Kyoto Protocol, Prime Minister Chrétien stood by it, having been one of the first to sign. Two years later Chrétien withstood the pressure to join Bush’s disastrous war against Iraq.