Milan’s streets were filled Saturday with tens of thousands of anti-nationalist protesters who say Italy’s national government is enacting racist policies they don’t want to be a part of.
“In this administration we’re not afraid to use the phrase ‘Monroe Doctrine,’” Bolton said.
The radical legacy of Berta Cáceres Peoples Dispatch
Macro modelling MMT Michael Roberts
The increasingly abstruse debate among economists (mainstream, heterodox and leftist) continues on the validity of Modern Monetary Theory (MMT) and its relevance for economic policy. …
Although this debate is getting very arcane and even nasty, it is not irrelevant because many leftists in the labor movement have been attracted by MMT as theoretical support for opposing ‘austerity’ and for justifying significant government spending to obtain full employment and incomes. In particular, the radical wing of the Democrat party in the US has used MMT to support their call for a Green New Deal – arguing that more government spending on the environment, climate change and health can easily be financed by the issuance of dollars, rather than by more taxes or more government bonds that would raise public debt.
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