by Serban V.C. Enache
I will let the readers decide.
Here are Mosley’s Birmingham Proposals (1925, back when he was part of the Labour Party), quoted in his book, My Life (pp. 188-189); Black House Publishing Ltd. Kindle Edition. Continue reading “Oswald Mosley, a founder of MMT?”
The Case against Ricardian Equivalence
by Joe Blackwell
Today the use of fiscal policy (expanding government spending or reducing taxes) to stimulate GDP growth in times of recession has become one of the most controversial policy areas of modern macroeconomics. For those who favour free market based solutions, commonly known as neoliberals, interventionist fiscal policy is inherently wasteful and distorts the processes of the market system. On the other side of the debate are the various groups of Keynesians who see fiscal policy as a crucial stabilisation tool to prevent the economy entering a deep and prolonged recession. Continue reading “Does Stimulus Spending Work?”