ROBERT SKIDELSKY and SIMONE GASPERIN (2021) Abstract: This paper upholds the classical Keynesian position that a laissez-faire market economy lacks a spontaneous tendency to full employment. Focusing on the UK case, it argues that monetary policy could not prevent the economic collapse of 2008-9 or achieve full recovery from the Great Recession that followed. The … Continue reading Reinstating fiscal policy for normal times: Public investment and Public Jobs Programmes
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3 Lies Republicans Are Using This Election
It’s not just the Big Lie. Republicans are telling three other lies they hope will swing the midterms.
They involve crime, inflation, and taxes.
Here are the GOP’s claims, followed by the facts.
1. They claim crime is rising because Democrats have been “soft” on crime.
Rubbish. Rising crime rates are due to the proliferation of guns, which Republicans refuse to control.
This is our re-imagined experimental rock cover of the song "I hate a man like you" by Leon Redbone
This version of the song is based on a recording by Leon Redbone from the album "Champagne Charlie" from 1978.
It's actually a cover of a cover song
I've always loved this song by Leon Redbone. It's a dark piece on the album with just a guitar and him singing in his unique voice. It's been one of my favorite songs for years.
But it's actually a cover of a song he did that was originally written and performed by Jelly Roll Morton on the piano in 1930.
My Lords, it is very cold in this House; I wonder what has happened to the heating. It certainly has a chilling effect on debate. I am not a lawyer like the noble Lord, Lord Sandhurst, nor a policeman like the noble Lord, Lord Paddick. I am driven to take part in the debate because … Continue reading House of Lords Speech on the Public Order Bill
In the past 7 months, the Reserve Bank has increased the cash rate by 275 basis points. That is as fast as any time since the RBA became independent. Given the pace of inflation growth, the rises are not wholly without cause, but as policy director, Greg Jericho notes in his Guardian Australia column the main drivers of inflation are now easing, and wages are yet to take off. In that case, should the RBA continue to raise rates given it will only slow the economy further?
The post Would further interest rate rises do more harm than good? appeared first on The Australia Institute.
Germany has become an economic satellite of America’s New Cold War with Russia, China and the rest of Eurasia. The article this talk was based on: Germany and other NATO countries have been told to impose trade and investment sanctions upon themselves that will outlast today’s proxy war in Ukraine. U.S. President Biden and his Continue Reading
The post Germany’s position in America’s New World Order first appeared on Michael Hudson.Law Enforcement Officer Vera, a Belgian Malinois from Poland, safeguarded St. Louis Fed employees and property for eight years.
Rachel Adeney and Amy Fraser Operational risk is rapidly becoming one of the most important threats to the financial system but is also one of the least well understood. Cyber attacks are regularly cited as one of the top risks faced by firms in the financial sector and one of the most challenging to manage. … Continue reading When the lights go out: why does operational risk matter for financial stability?
Wages are rising within the RBA's target band of inflation but profits are soaring 7 times that rate. And yet the RBA is more concerned with rising wages than profits
The post The RBA talks tough about low-rising wages but not soaring profits appeared first on The Australia Institute.
It starts with a tweet: It's time for Christians in every country to come to...
The ever excellent Scot Goes Pop blog of James Kelly has posted an article disagreeing strongly with my contention that the Alba party should fight the SNP at the next Westminster election, should the SNP renege on its commitment to a “Plebiscite election” that determines Independence. As James is a person for whom I have […]
The post A Response to James Kelly appeared first on Craig Murray.
Cormac McCarthy asks an interesting question here, and gives the wrong answer, also interestingly. Along the way he manages to describe in simple language a fundamental problem of how our minds work, one that he rightly says, remains mysterious – though … Continue reading
Interest rate hikes will hurt workers to protect profits (Part 2) Anis Chowdhury This article continues from part 1 in the previous issue of ERAR.…
The post Interest rate hikes will hurt workers to protect profits (Part 2) first appeared on Economic Reform Australia.Our electricity system A tragedy of the commons Colin Cook The Australian electricity system is in chaos; variously described as ‘a perfect storm’ (multiple quotes)…
The post Our electricity system first appeared on Economic Reform Australia.Good news – there’s a clean energy gold rush under way We’ll need it to tackle energy price turbulence and coal’s exodus – Bjorn Sturmberg…
The post Good news – there’s a clean energy gold rush under way first appeared on Economic Reform Australia.The magnitude of the required reductions RWER Editor Extracted from an article by Ted Trainer [1,2] It is not commonly understood how large the reductions…
The post The magnitude of the required reductions first appeared on Economic Reform Australia.Last exit to the road less travelled J.D. Alt* We now stand where two roads diverge. But unlike the roads in Robert Frost’s familiar poem,…
The post Last exit to the road less travelled first appeared on Economic Reform Australia.The use and abuse of MMT (Part 1) Michael Hudson, Dirk Bezemer, Steve Keen and Sabri Öncü Summary After being attacked by monetarists and others…
The post The use and abuse of MMT (Part 1) first appeared on Economic Reform Australia.Contradictions of the hydrogen economy Greg Reid There is much hype as well disinformation about the potential of hydrogen but there is no doubt that…
The post Contradictions of the hydrogen economy first appeared on Economic Reform Australia.The Nobel Prize for mediocrity and irrelevance Steve Keen I was going to ignore the Nobel Prize for Economics, which is always awarded to economic…
The post The Nobel Prize for mediocrity and irrelevance first appeared on Economic Reform Australia.The primary driver of environmental degradation To improve Australia’s natural environment, we first need to recognise and address the drivers of its degradation. The delayed…
The post The primary driver of environmental degradation first appeared on Economic Reform Australia.The market has failed to give Australians affordable housing so don’t expect it to solve the crisis H. Pawson, W. Randolph, C. Leishman, N. Gurran, P.…
The post The market has failed to give Australians affordable housing first appeared on Economic Reform Australia.A “plebiscite election” on Scottish Independence can only mean an election fought on that issue with the understanding that, if the election is won, Independence will be declared. It cannot mean anything else. In particular, a “plebiscite election” cannot possibly mean an election which, if won, results in a request for a referendum. We have […]
The post A Real Plebiscite Election, or Fight the SNP appeared first on Craig Murray.