William Mitchell – Modern Monetary Theory
Imagine if the British government wrote off its holdings of its own debt
Bank of International Settlements pushing the ‘growth friendly austerity’ myth
Depreciating yen – look beyond the obvious for the explanation
What the new British government needs to do to get the unions on side with climate action
Apparently the RBA has the interests of the unemployed it is putting out of work at heart. Not!
Australian labour market – slight improvement after dismal results in April
Replacing Starmer/Reeves with another captive of the finance sector will change nothing
Towards a progressive rebuttal of the far Right narratives
Can capitalism survive? Not if we want to solve the climate and poverty crisis
Apparently the UK government is about to do the impossible – run out of sterling
My blog is on holiday today
Australia’s lowest paid workers enjoy a modest real wage gain courtesy Fair Work Commission
Australian national accounts – economy weakened in the March-quarter (and we are yet to see the Trump War impact)
Monetary policy is not fit for purpose
Latest changes to Australian privatised job service industry are just window dressing and the sociopaths remain dominant
Another major disservice in the quest for an enlightened society
Australian labour market – sharp deterioration in April (RBA will be happy!)
Australian government being bullied by the RBA to move towards irresponsible austerity
Latest wages data makes a mockery of the RBA claims that the economy is overheating
Article 4 of the Bank of Japan Act 1997 ensures fiscal and monetary policy must work together
RBA rate hikes – ideology triumphing over evidence and reason
US economy on an unstable knife edge at present
Has the UAE seen the writing on the wall (peak oil that is)?
My blog is on holiday today
Robert Skidelsky death – some recollections
A classic case of the Australian government denying that it is the Australian government
Australian labour market – largely stable but dark clouds present
A structured approach for progressive political ambitions – Part 7
A structured approach for progressive political ambitions – Part 6
My blog is on holiday today
A structured approach for progressive political ambitions – Part 5
The Manosphere fills a void created by neoliberalism which has been largely ignored by progressives
New Green-linked report in Britain avoids the critical issue
A structured approach for progressive political ambitions – Part 4
Australian labour market – unemployment rises sharply – hard to reconcile with RBA’s excess demand claim
A structured approach for progressive political ambitions – Part 3
Interest rate hikes will not get ships moving through the Strait of Hormuz more quickly
A structured approach for progressive political ambitions – Part 2
Australian national accounts – growth is up but mostly because of inventory buildup which will reverse
A structured approach for progressive political ambitions – Part 1
Inflation in Japan – invariant to monetary policy and be careful what you wish for (tourism)
A successful degrowth strategy will require a massive redistribution of income and wealth towards the poorest
Australian labour market – labour demand tracks labour supply – steady
Actions by our governments are the opposite to what we require from them on climate change
Those who invoke the ‘Truss Moment’ should look at what is happening in Japan
Upcoming London visit and public event details
Australian government aids and abets the view of a person implicated for inciting genocide
RBA bows to financial market pressure and boost bank profits at the expense of low-income mortgage holders
Japan’s Government Pension Investment Fund and the yen – mainstream macro myths driving bad policy
Japan goes to an election accompanied by a very confused economic debate
Recent extended discussion with RadioMMT – Part 1
Australian labour market – stronger as employment growth outstrips the growth in the working age population
AI is is fast becoming another control tool of capitalism
Curbing the freedom of writers will not advance human rights
India’s employment guarantee sabotaged to the point of extinction by the neoliberal Narendra Modi
Is there hope for a post neoliberal world?
When contraction is called expansion – Japanese government style
My blog has gone on holidays
Video – Japan at a Crossroads: Fiscal Policy, China, and the Growth
Trump’s “best is yet to come” and the data reality are diverging – for the worse!
The US attack on Europe misses the point entirely
Australian labour market – considerably weaker in November (not even close to full employment)
A lower yen is not inflationary once the adjustments are absorbed
British Labour’s obsession with fiscal rules is untenable and ignores the reality of the situation
Australian national accounts – government spending saves nation from zero growth
Talk of a Plaza Accord 2.0 should heed the lessons of Plaza Accord 1.0
Panel of Japanese economists mired in erroneous mainstream constructions and logic
Kyoto Report 2025 – 9
Corporate welfare is rife in Japan’s banking sector
Japan GDP growth contracts as politicians fight it out over size of fiscal stimulus
Kyoto Report 2025 – 8
The achievement of a degrowth future requires system change not green new deals
Australian labour market – slight improvement after two bad months
Kyoto Report 2025 – 7
IMF comes late to the party but then cannot quite admit it
Kyoto Report 2025 – 6
Supply-side employment services models fail and promote sociopaths
Japan – errant fiscal rule is sure to backfire
Kyoto Report 2025 – 5
Japan challenges – is there really a labour shortage? – Part 6
Japan challenges – is there really a labour shortage? – Part 5
Kyoto Report 2025 – 4
Japan – where will the productivity growth come from?
Australian labour market – getting worse due to policy failure
Kyoto Report 2025 – 3
Japan – the challenges facing the new LDP leader – Part 3
Japan – the challenges facing the new LDP leader – Part 2
Kyoto Report 2025 – 3
Japan – the challenges facing the new LDP leader
My current number one candidate for the worst economics article of the year
Kyoto Report 2025 – 2
Argentina entering the usual doom loop that austerity inevitably creates
Bank of Japan’s ETF sell-off is a sideshow
Kyoto Report 2025 – 1
Australian Senate enquiry finds that the university sector is rotten to the core
Australian labour market takes a backward step
Terrestrial water storage capacity is declining fast and is hardly getting any attention
US Bureau of Labor Statistics revisions are not some arbitrary act but an attempt at making the data as accurate as possible
Some discussion about taxation