blog comments

[Skip to the end] Tom Hickey Says: January 21st, 2010 at 2:29 pm Same thing happened to me, although I was a progressive (radical, actually) and knew that something was wrong with neoliberalism from Chomsky’s Politics and Neoliberalism andHegemony and Survival. But I hadn’t seen through the veil and was still under the spell of […]

Short-Rate Thoughts: DEFLATION – Radical Thesis Turnaround

[Skip to the end] Well stated! *Not house view. Since March I have been arguing that the world was a better place than people thought. I am now shifting my core view, which still might take several months to develop in the marketplace. Skipping to the Conclusions 1. Deflation will be the surprise theme of […]

Quincy Herald Whig

[Skip to the end] >    >   (email exchange) >    >   On Mon, Sep 14, Michael wrote: >    Tea Party speakers rally Quincy crowd with call to ‘take back your country’ Warren Mosler, an economist who came to Quincy from St. Croix, said the Tea Party movement is gaining momentum as the situation in Washington deteriorates. Unless politicians […]

Review of the recession and how to end it

[Skip to the end] The problem is suboptimal output and employment which is evidence of a lack of aggregate demand.   Less important what caused the drop in aggregate demand The end of the subprime expansion in 2006 reduced the demand for housing   The wind down of the one time Q2 2008 fiscal adjustment […]