Our lecturer Dr Phil Armstrong has a new book out, which is an intellectual biography of one of our patrons, Warren Mosler. Under the Bonnet. It is highly recommended by people like Jamie Galbraith and another of our team, Dirk Ehnts.
https://t.co/g8BXDDeBAk
The elimination of said imports via tariffs (while the US is near full employment)=a massive negative supply shock akin to a massive crop failure. It's a self-inflicted massively regressive one time reduction in consumption/standard of living that likewise benefits rest of world.
Tariffs are a tax.
The $ to pay taxes comes from gov spending.
But Gov spending is being cut.
This shifts the economy to 'default' mode
characterized by declining tax revenues from slowing sales/employment along with rising transfer payments= increased deficit spending.
Economic stability is full employment with price stability, not fiscal deficits to GDP below three percent and public debt to GDP below 60 percent.
https://t.co/Z5WQaRx1WQ
It's the importer that's vulnerable whether they know it or not:
25% tariffs start Saturday for Canada and Mexico. Hopefully they aren't knowledgeable enough to crush us:
For the last few years, forecasters grossly undervalued the role of the real gov deficit spending supporting output/employment/etc. as well as the current policy reversals that are rapidly going the other way and can rapidly pull the rug out from aggregate demand.
Proiezione a Bolzano di @FindingMoneyDoc di @MarenPoitras film #MMT di cui abbiamo curato sottotitoli italiano.
La regista era collegata dagli USA. Grezie Andreas Perugini per organizzazione al cineforum.
Per capire come vedere #Findingthemoney 👇 https://t.co/kk6uPuwNSH
@FindingMoneyDoc film di Maren Poitras sulla #MMT è disponibile con sottotitoli in italiano! 🇮🇹
Siamo orgogliosi di aver
collaborato con lei!
👉 Noleggialo o acquistalo qui
https://t.co/FSOIqMYvEU
Guarda trailer 🎥
https://t.co/7VWLmBfpmP
Bravo!!!
MMT saved Italy twice.
1st in 1993.
And not so easily the second time...
And many thanks to the incredible efforts of the world's finest MMT activists!!!
Draghi urges radical European Union reform requiring extra 800 billion euros a year (https://t.co/R25jNu6mX8)
domani sabato 27 luglio a Milano Warren Mosler #MMT
Anna Maria Variato - Università Bergamo e Marco Cattaneo. Conduce Giuliano Marrucci “Report”.
Evento, che diffondiamo con piacere, promosso da Bottega Partigiana, Comitato Cortili Solidali, @ideesottosopra@wbmosler
Tra pochi minuti intervento Daniele Busi - Ivan Invernizzi- Marco Compagnoni #Italy
"currency as a public monopoly"
presso Università di Leeds (UK) per conferenza #MMT"
@GowerInitiative