- Tariffs and more – Part 1on 13 March 2025 by bill (William Mitchell – Modern Monetary Theory)
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 US has been a constant sickening element of our national identity for as long as I can recall. When I was a child, we were…
- Industrial disputation remains at record lows in Australia – the complete victory of capital over the working classon 12 March 2025 by bill (William Mitchell – Modern Monetary Theory)
The Australian Bureau of Statistics (ABS) released the latest data today (March 12, 2025) on – Industrial Disputes, Australia – which covers the December-quarter 2024. The data shows that there was a slight decline in the number of industrial disputes over the last 12 months, although the number of working days lost rose significantly (by…
- Five years into a pandemic and fiscal fictions have left space for nonsense to propagateon 10 March 2025 by bill (William Mitchell – Modern Monetary Theory)
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 Secretary of Health and Human Services advocating ‘personal choice’ in vaccine take up while he recommended Vitamin A to deal with a spreading measles outbreak…
- British government spending cuts will probably increase the fiscal deficit and make the ‘non negotiable’ fiscal rules impossible to achieveon 6 March 2025 by bill (William Mitchell – Modern Monetary Theory)
The British press are reporting that the Government there is planning further spending cuts of the order of billions of pounds because the economic environment has changed and the current fiscal trajectory is threatening their self-imposed fiscal rules thresholds. We already heard last week how the Government is significantly cutting Overseas Aid as it ramps…
- Two Months Ago, Lawmakers Celebrated a Bipartisan Boost to Social Security. Now, DOGE is Cutting the Agency.on 5 March 2025 by Stephanie Kelton (The Lens)
Exactly two months ago, President Biden signed the Social Security Fairness Act, a bill to increase Social Security benefits to millions of Americans.
- Australian National Accounts – growth rate picks up on back of government spending supporton 5 March 2025 by bill (William Mitchell – Modern Monetary Theory)
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 grew by just 0.6 per cent in the December-quarter 2024 and by just 1.3 per cent over the 12 months (up from 0.6 per cent).…
- Britain can easily increase military expenditure while increasing ODA to honour its international obligationson 3 March 2025 by bill (William Mitchell – Modern Monetary Theory)
It is hard to keep track of the major shifts in world politics that are going on at the moment. I am in the camp that saw the extraordinary confrontation between Trump/Vance and Zelensky as demonstrating how embarrassing the US leadership has become. I am not a Zelensky supporter by any means but the behaviour…
- Elon Musk is the Reason Social Security is "Running Out of Money"on 2 March 2025 by Stephanie Kelton (The Lens)
Before we dive in, let’s get one thing straight.
- Fiscal policy must be the tool of choice to respond to major climate related calamities – BISon 27 February 2025 by bill (William Mitchell – Modern Monetary Theory)
“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 International Settlements Bulletin (February 10, 2025) – Macroeconomic impact of extreme weather events. The paper seeks to tease out what the economic impacts and policy…
- The Real Reason Trump and Musk are Planning to Visit Fort Knoxon 24 February 2025 by Stephanie Kelton (The Lens)
That's where the "money" is.