Category Archives: Government Spending

happy new year!

Posted on January 2, 2015 @ 9:34 am (Friday) by WARREN MOSLER

The above chart is real final demand. Finally back to long term average. A few charts below that show what’s happened to govt under Obama. A capex related charts not looking so good. And the auto industry has a bit … Continue reading →

Posted in Government Spending |

Credit check, CBO suggestions

Posted on November 24, 2014 @ 12:10 pm (Monday) by WARREN MOSLER

Nothing happening on the credit expansion side of consequence that I can detect: Seems the CBO should stick to simple reporting: CBO Presents Options for Reducing the Deficit: 2015 to 2024 from the Congressional Budget Office The Congress faces an … Continue reading →

Posted in Credit, Government Spending |

State and local govt charts

Posted on November 12, 2014 @ 8:42 am (Wednesday) by WARREN MOSLER

The bulk of the boost is coming from state and municipal governments. After tightening their budgets for three years following the end of the recession, they began stepping up spending in 2013 and continued to do so this year Except … Continue reading →

Posted in Deficit, Government Spending |

Employment and related commentary

Posted on November 10, 2014 @ 4:06 pm (Monday) by WARREN MOSLER

Seems universally agreed the labor market is ‘improving’ even as the jobs chart has been downward sloping since the peak in April, wage growth has softened from relatively low levels, and the work week fell back some. It’s all screaming … Continue reading →

Posted in Employment, Government Spending |

Bill Mitchell on the secular stagnation hoax

Posted on November 3, 2014 @ 3:32 pm (Monday) by WARREN MOSLER

The secular stagnation hoax

Posted in Employment, Government Spending, Interest Rates |

Potential GDP Revisions and/or Reversals

Posted on October 31, 2014 @ 10:40 am (Friday) by WARREN MOSLER

A couple of things stand out for either revision or reversal next quarter. One is the increase in govt spending and the other the increase in net exports. Together they added about 2% to yesterday’s Q3 GDP release.  So excluding … Continue reading →

Posted in GDP, Government Spending |

There is no right time for the Fed to raise rates!

Posted on October 13, 2014 @ 10:09 am (Monday) by WARREN MOSLER

There is no right time for the Fed to raise rates! Introduction I reject the belief that economy is strong and operating anywhere near full employment. I also reject the belief that a zero-rate policy is inflationary, supports aggregate demand, … Continue reading →

Posted in Deficit, Fed, Government Spending, Interest Rates, Proposal |

Macro update

Posted on October 9, 2014 @ 3:51 pm (Thursday) by WARREN MOSLER

First this, supporting what I’ve been writing about all along: Here’s Proof That Congress Has Been Dragging Down The Economy For Years By Shane Ferro Oct 8 (Business Insider) — In honor of the new fiscal year, the Brookings Institution … Continue reading →

Posted in Fed, Germany, Government Spending, UK, USA |

The 10th Plague

Posted on October 7, 2014 @ 9:15 am (Tuesday) by WARREN MOSLER

Several years ago I began using the analogy of the 10th plague of the Old Testament, the idea being that the EU wouldn’t move away from austerity until it brought down Germany itself. It’s looking like that day is getting … Continue reading →

Posted in Germany, Government Spending |

Who’s ‘we’?

Posted on September 30, 2014 @ 12:57 pm (Tuesday) by WARREN MOSLER

And they still are? The idea that the deficit is too small remains a non starter for the mainstream. In the face of all evidence to the contrary, including over 2 decades of it in Japan, they continue to believe … Continue reading →

Posted in Banking, Deficit, Government Spending |