Another monetarist myth bites the dust. Consumers overwhelmingly say they would not spend helicopter money.
Philip Pilkington: To What Extent Is Economics an Ideology and to What Extent Is It a Useful Theory?
Yves here. This post makes a point at the end in passing about the value of multilateralism, even though the TPP was otherwise a very bad scheme on multiple levels. This serves as a reminder to mention something I’ve neglected to say. Trump’s plan to enter into bi-lateral trade deals (after supposedly tearing up extant […]
Economists hide behind specious claims of neutrality and efficiency to advocate policies that often have negative moral and social impact.
The failure to do enough deficit spending is a big reason why the Democrats hemorrhaged losses. Progressives need to take up this issue.