Coin of Destiny

People are starting to write about the Trillion Dollar Coin again, which can only mean one thing… Tsy is fast approaching the debt ceiling. Doing some quick math, i doubt Obama is going to make it Election Day without the debt ceiling being raised, ignored or sidestepped (you’d think when the White House was negotiatingRead More

Spain points the way for Future

Here is something interesting from the G-20 meeting: “In this context, we welcome Spain’s plan to recapitalize its banking system and the Eurogroup’s announcement of support for Spain’s financial restructuring authority. The adoption of the Fiscal Compact and its ongoing implementation, together with growth-enhancing policies and structural reform and financial stability measures, are important steps towards greater fiscal andRead More

An Interview with Marc Lavoie….

Very good interview here by Phil Pilkington with Marc Lavoie.  It’s a bit wonky, but we’re in the business of wonk so enjoy: “Marc Lavoie is a professor in the Department of Economics at the University of Ottawa. He is the author of numerous books on post-Keynesian economics. His latest work ‘Monetary Economics’, written withRead More