MMT and the Wealth of Nations, Revisited
…practice, you can also claim people’s labor. Cause they need money. A balance-sheet asset is a formalized, labeled numeric representation of the value of an ownership claim (generally embodied in…
…practice, you can also claim people’s labor. Cause they need money. A balance-sheet asset is a formalized, labeled numeric representation of the value of an ownership claim (generally embodied in…
…balances, which comprise a significant portion of households’ liquid wealth. Explaining Why Figure 1: Low-income student loan borrowers are less likely to be overdue today relative to 2019 while high-income…
…public position on the phony slush fund. Either the motion passes easily, or Republicans must run with that vote around their necks. Checks and Balances Federal cases require “adversity.” If…
…keep in mind, that the trade deficit does factor in – been having trouble assembling historical data on this. When running a trade deficit we need to run a federal…
…has weakened domestic demand implying an export-oriented growth model.” This news is not new. Michael Pettis has been writing about labor share’s effect on trade imbalances. But it is interesting…
…trade measures, such as anti-dumping tariffs and countervailing duties, and withdrawals from free trade agreements, are unlikely to be effective. Instead, they will redistribute the trade balances between our different…
…Mezo, Arnaud Mehl, and Tra Nguyen of the IMF drew attention to the growing use of the dollar as a vehicle currency and the implications for trade balances in a…
…pushing it. I’ll let Citizens Trade Campaign sum it up: “The TPP is poised to become the largest free trade agreement in the world, potentially impacting jobs, wages, agriculture, migration,…
Trade and Development Run 75411 picked up this recent report over at Economists View where someone (Goldilocksisableachblond?) pointed to a recent UN report TRADE AND DEVELOPMENT REPORT, 2012 Run says:…
I though a little different perspective on the impact of trade on the real GDP accounts might be interesting. The first chart is of imports market share, or imports as…