Jamie Galbraith argues here (he appears at around minute 10) that there is no economic reason to be concerned about the fiscal cliff, and that the cause for the 'crisis' is that certain groups want to roll back social spending.
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Rethinking the determination and long-run evolution of income distribution
New paper by Thomas Palley. From the abstract: This paper presents a theory and model of long-run cycles in income inequality. The model exp...
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There are Gold Bugs and there are Bitcoin Bugs. They all oppose fiat money (hate the Fed and other monetary authorities) and follow some s...
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Teaching on the capital debates this and last week. So here are some thoughts, based on my class notes and the required readings (see below)...
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By Sergio Cesaratto (Guest Blogger) “The fact that individual countries no longer have their own currencies and central banks will put n...
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