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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…
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…
Inflation has peaked, the supply side is recovering, and the interest rate rises were for what? – Bill Mitchell – Modern Monetary Theory
So the IMF has come late to the transitory inflation party. What was obvious months ago is now at the forefront of IMF forecasts. Better late than never I suppose. It is becoming clear that most in…
British voters depressingly caught between a rock and a hard place – Bill Mitchell – Modern Monetary Theory
Britain is now in a very undesirable state. The governing Tories are bereft of any sensible ideas and likely to lose the next General election in 2024 to Labour, who are promising to be the party o…
The Australian labour market enters a slow decline – with employment and participation falling – Bill Mitchell – Modern Monetary Theory
The Australian Bureau of Statistics (ABS) released of the latest labour force data today (December 15, 2022) – Labour Force, Australia – for December 2022. My overall assessment is that…
EU bonds will not become a ‘safe asset’ – Germany and Co won’t let that happen – Bill Mitchell – Modern Monetary Theory
It’s Wednesday and I have several items to discuss or provide information about today. Today, I discuss the future of the EU-bonds that were issued as part of two main emergency interventions…
The 714th and Final Weekend Quiz – December 31, 2022 – answers and discussion – Bill Mitchell – Modern Monetary Theory
Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterd…
Japan and the World Economy through the lens of MMT – video presentation – Bill Mitchell – Modern Monetary Theory
Today, I make available a video session that I recorded in Japan while I was working there in the latter part of this year. It sets out a range of interesting topics that form, in part, the researc…
Central bankers have created excessive unemployment for decades because they use the wrong theory – Bill Mitchell – Modern Monetary Theory
It’s Wednesday and also a holiday period, so just a few things today. First, I discuss a research paper that has concluded that central bankers have been using the wrong model for years which…
The Weekend Quiz – December 24-25, 2022 – answers and discussion – Bill Mitchell – Modern Monetary Theory
Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterd…
Older workers in Australia taking on more work, while in Britain they are bailing out – Bill Mitchell – Modern Monetary Theory
It’s Wednesday and a few items caught my interest in the last few days. I have been besieged with requests to comment on the Bank of Japan’s announcement yesterday to widen the range in…
The Weekend Quiz – December 17-18, 2022 – answers and discussion – Bill Mitchell – Modern Monetary Theory
Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterd…
Australian labour force – stronger employment growth defying RBA interest rate hikes – Bill Mitchell – Modern Monetary Theory
The Australian Bureau of Statistics (ABS) released of the latest labour force data today (December 15, 2022) – Labour Force, Australia – for November 2022. The labour market continued t…
The poorest nations are increasingly beholden to the hedge funds – Bill Mitchell – Modern Monetary Theory
We kid ourselves when talking about change. I see a lot of Op Ed material recently from the so-called Left that seems to suggest, for example, that those concerned about climate change are really j…
The Weekend Quiz – December 10-11, 2022 – answers and discussion – Bill Mitchell – Modern Monetary Theory
Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterd…
The monetary institutions are the same – but culture dictates the choices we make – Bill Mitchell – Modern Monetary Theory
In discussions about the significant differences that we have observed over the last 30 odd years between the conduct of economic policy in Japan and elsewhere, the usual response from mainstream e…
The Weekend Quiz – December 3-4, 2022 – answers and discussion – Bill Mitchell – Modern Monetary Theory
Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterd…