Monthly Archives: June 2012

Small Business on Obamacare: No Reason to Hire or Invest

Business hires to service customers and expand when there’s enough aggregate demand to sustain sales at profitable prices. With or without Obamacare. Small Business on Obamacare: No Reason to Hire or Invest By Patricia Orsini June 28 (CNBC) — Small … Continue reading

Posted in Obama, Politics |

Italian Business Confidence Unexpectedly Rises to 88.9 in June

Another glimmer of hope in a June number that deficits are sufficient for stability: Italian Business Confidence Unexpectedly Rises to 88.9 in June June 27 (Bloomberg) — Italian business confidence unexpectedly rose in June from the lowest level in almost … Continue reading

Posted in Deficit, EU, Government Spending |

Euro zone economy

After weak April and May numbers, I’ve been on the lookout for possible hints that euro zone economies may now be flattening. Austerity tends to drive down demand which also causes deficits to increase to the point where they stabilize … Continue reading

Posted in EU, Government Spending, Politics |

Demand leakages- the 800lb economist in the room

I can’t say I’ve seen anyone in the deficit debates talking about the demand leakages? Not a mention in the mainstream press, financial news media, or any of the thousands of economic reports? That’s like discussing the right horsepower for … Continue reading

Posted in Deficit, Employment, GDP, Government Spending |

Endorsement of Mosler’s 3-point plan

Endorsement of Mosler’s 3-point plan After hearing an explanation of Modern Monetary Theory by Warren Mosler, Occupy Dallas endorses his remedy for our nation’s current economic condition: 1-cut FICA taxes to end this regressive policy and allow greater spending. 2-disbursement … Continue reading

Posted in Proposal | Tagged |

Germany rebuffs Obama’s advice on euro crisis

Until they all get ‘in paradigm’ the 99% don’t have a chance. Germany rebuffs Obama’s advice on euro crisis June 25 (AP) — Germany’s finance minister is rejecting U.S. President Barack Obama’s calls on Europe to move faster in fighting … Continue reading

Posted in Politics |

N.Y. Times letter

Letters: How to Mend Trust in the U.S. Economy June 23 (NYT) To the Editor: Re “Broken Trust Takes Time to Mend” (Economic View, June 17): Tyler Cowen argues that the “slow cure” for our economic malaise is to allow … Continue reading

Posted in Government Spending | Tagged |

Enough of the bookkeeping, Mr Osborne

From Sam Brittan. Veteran FT writer. A permanent secretary under an earlier Labour administration once asked me what I thought were the limits to permissible Budget deficits. My answer was: “Up to the point where the gains to output and … Continue reading

Posted in Government Spending, UK |

Mike Norman Economics: General theory and special cases in Modern Monetary Theory

General theory and special cases in Modern Monetary Theory

Posted in Uncategorized | Tagged , |

Early Thought follow up… A conversation with Warren Mosler– great investor, thinker, sports car manufacturer, author, blogger….

Please click on the link below to listen to a conversation with Warren Mosler. Topics include: Demand leakage (how to fix end-demand), Fed Policy (QE is counterproductive) and overall market/econ outlook for US, Europe and China. Please click here for … Continue reading

Posted in Fed, Government Spending |