Sunday, April 24, 2016

On the blogs

Why not full employment? -- Chris Dillow on the abandonment of full employment as a policy goal. Personally, I'm not sure workers don't demand full employment now. I think they do, as they did back in the 1960s. But the conditions that allowed that to be an acceptable policy to the elites have changed significantly

Robert Lucas – Keynesian? -- ProGrowthLiberal at EconoSpeak. Yeah, sure it all depends on definitions, but it's a stretch

Enough central bank jazz hands… Why Labour should democratise the Bank of England -- Paul Mason's talk that has been all over the blogosphere. A quote if I may: "Under the Conservatives, monetary easing has been used simpy to offset the hit to the economy caused by fiscal tightening. Labour should, in future, use monetary policy to create fiscal space." Literately from Marriner Eccles book (see here)

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