No notion in economics is responsible for more misunderstanding and misguided government policies than that of the “balance of trade”…
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‘Twin Deficits’: A Tale of Fiscal Folly, Not Trade Failure
No notion in economics is responsible for more misunderstanding and misguided government policies than that of the “balance of trade”…
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Majority of Australians want fiscal deficits to be maintained and the majority of younger Australians want to ditch capitalism
We are now full-swing into the national election campaign in Australia (election on May 3, 2025) and we have a…
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Fiscal deficit at 85.8% of RE till Feb
New Delhi: The Centre’s fiscal deficit until February in this financial year touched 85.8% of the revised annual target, compared…
Read MoreWhat is the purpose of fiscal policy? Don’t ask Rachel Reeves! – William Mitchell – Modern Monetary Theory
Its been a week of grand fiscal statements. Tuesday, it was for Australia as I discussed yesterday – Australian fiscal…
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Australian fiscal statement – rising unemployment amidst a moderate fiscal contraction – William Mitchell – Modern Monetary Theory
Last night (March 25, 2025), the Australian government delivered the latest fiscal statement for 2025-26 (aka – The Budget –…
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Five years into a pandemic and fiscal fictions have left space for nonsense to propagate – William Mitchell – Modern Monetary Theory
Life expectancy has fallen since Covid in almost every country although the policy response has been exactly the opposite to…
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Despite global challenges, India’s GDP to grow at 6.5% in fiscal 2026: CRISIL
India’s real GDP growth is expected to remain steady at 6.5 per cent for the 2026 fiscal, despite global uncertainties…
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British government spending cuts will probably increase the fiscal deficit and make the ‘non negotiable’ fiscal rules impossible to achieve
The British press are reporting that the Government there is planning further spending cuts of the order of billions of…
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Fiscal policy must be the tool of choice to respond to major climate related calamities – BIS – William Mitchell – Modern Monetary Theory
“Fiscal support can manage the direct economic fallout from extreme weather events.” That quote came from an interesting new research…
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