The hollowing out of the middle class in the US...
The Post WW2 period was marked by the mass consumption boom and the rise of the ‘middle class’, which is a sociological designation that is intended to say that the...
Tag: Monetary
11 results found
What is the purpose of fiscal policy? Don’t ask Rachel...
Its been a week of grand fiscal statements. Tuesday, it was for Australia as I discussed yesterday – Australian fiscal statement – rising unemployment amidst a moderate fiscal contraction (March...
Australian fiscal statement – rising unemployment amidst a moderate fiscal...
Last night (March 25, 2025), the Australian government delivered the latest fiscal statement for 2025-26 (aka – The Budget – and, in doing so tried to win renewed electoral appeal...
The Far Right opposition to the euro in Germany has...
Edward Elgar, my sometime publisher, is interested in me updating my 2015 book – Eurozone Dystopia: Groupthink and Denial on a Grand Scale (published May 2015). I have held them...
Tariffs and more – Part 2 – William Mitchell –...
This is the second part of the discussion on Tariffs that I started in – Tariffs and more – Part 1 (March 13, 2025). In the first part I considered...
Episode 12 (S2) of the Smith Family Manga is now...
Today (March 14, 2025), MMTed releases Episode 12 in the Second Season of our Manga series – The Smith Family and their Adventures with Money. This is the final episode...
Tariffs and more – Part 1 – William Mitchell –...
This week, Australia learned that old geopolitical relationships and so-called ‘free trade’ treaties mean little when it comes to US policy. The obsequious way our political class fawns after the...
Five years into a pandemic and fiscal fictions have left...
Life expectancy has fallen since Covid in almost every country although the policy response has been exactly the opposite to what should be expected. We now have the United States...
Australian National Accounts – growth rate picks up on back...
Today (December 4, 2024), the Australian Bureau of Statistics released the latest – Australian National Accounts: National Income, Expenditure and Product, December 2024 – which shows that the Australian economy...
Fiscal policy must be the tool of choice to respond...
“Fiscal support can manage the direct economic fallout from extreme weather events.” That quote came from an interesting new research paper published in the 98th edition of the Bank of...
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