This week, the British Broadcasting Commission (BBC) released the results of an independent review into its coverage of economic matters – Review of the impartiality of BBC coverage of taxati…

Bill Mitchell Blog

06.02.2023

Strong US labour market results – further evidence that mainstream monetary theory is flawed – Bill Mitchell – Modern Monetary Theory

Well, things are getting interesting in the US. The Federal Reserve started hiking interest rates in April 2022 and its decisions are underpinned by an theoretical framework that suggests the unemp…

Bill Mitchell Blog

08.02.2023

RBA loses all credibility with further interest rate increases – Bill Mitchell – Modern Monetary Theory

Yesterday, the Reserve Bank of Australia lifted the interest rate target for the ninth consecutive time (they didn’t meet in January) claiming that they had to do this to stop inflation accel…

Bill Mitchell Blog

09.02.2023

Central banks accounting losses are rising but are of no importance to anything important – Bill Mitchell – Modern Monetary Theory

There are regular interventions from commentators over time who repeat the same thing over and over – usually some prophesy that a currency (for example, the Yen or the USD) will collapse soo…

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Bill Mitchell Blog

Economy

Investigation into BBC bias misses the point really – Bill Mitchell – Modern Monetary Theory

Strong US labour market results – further evidence that mainstream monetary theory is flawed – Bill Mitchell – Modern Monetary Theory

RBA loses all credibility with further interest rate increases – Bill Mitchell – Modern Monetary Theory

Central banks accounting losses are rising but are of no importance to anything important – Bill Mitchell – Modern Monetary Theory

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