Monthly Archives: June 2012

Productivity, Compensation, Demand & Debt

Data from the Bureau of Labor Statistics makes it clear that–unlike the three decades preceding it–the 30 years following the election of Ronald Reagan have seen the growth rate of worker compensation fall far short of the increase in worker … Continue reading

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Europe at an Evolutionary Crossroads

As the latest phase of the Euro-crisis intensifies, it seems increasingly clear that Europe is at a difficult and historic crossroads in its long, slow transition from horrific warfare (and economic depression) during the first half of the 20th century, … Continue reading

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Understanding and Embracing The Sovereign Currency Opportunity

As I read about the “debt problem” and hear it discussed endlessly on TV news shows, I find myself deeply disappointed to note how many journalists, politicians and even economists fail to make the distinction between private debt (i.e., debt … Continue reading

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MMT & the New Economy Movement: A Macro-Micro Marriage?

In a recent post I discussed both Modern Monetary Theory and the New Economy Movement. As that and a subsequent post indicated, MMT reflects a distinctly macroeconomic perspective, focused as it is on macro-level account balances; aggregate demand and price … Continue reading

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Striking at the Roots

My last post considered a proposal by Dan Kervick, a blogger at New Economic Perspectives, to more closely integrate fiscal and monetary policy, and to transition the latter from the control of a Central Bank that’s mainly responsive to the … Continue reading

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Integrating Fiscal and Monetary Policy

To provide a little more background on Modern Monetary Theory (MMT) and its significance, I though it would be helpful to discuss some additional MMT-related material. In this post I want to focus on a recent blog post by Dan … Continue reading

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