Tag Archives: budget

Banking, Budget, Deficit, Federal Reserve, Fiscal policy, Fixed Income, Government, Inflation, Macro, MMT, US Treasury, USA

Fiscal Free Lunch

Posted on by Sean Corrigan
[This is the first of a series of short bulletins called, ‘The Course of the Exchange’, in memory of John Castaing’s widely-read updates, posted in Jonathan’s Coffee House in Change Alley, 300 years ago]

With the latest CBO estimates for the US Federal budget for August just in, we are again in a position to take stock of the scale of the burden which the COVID-19 lockdowns and more general restrictions have imposed upon the nation’s finances. It does not make for happy reading.

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Austrian Theory, Banking, Credit, Deficit, Fiscal policy, Inflation, Macro, MMT, Money

MMT: The Court Astrologer’s Dream

Posted on by Sean Corrigan

MMT has recently enjoyed a sudden resurgence in popularity. but, like so many other systems which claim to reveal previously undiscovered truths, it turns out to be nothing more than a retread of a number of age-old fallacies, only appealing because it seems to promise the Provider State unlimited power to interfere in our lives. We discuss its failings here.

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Banking, Budget, China, Commodities, Deficit, ECB, Emerging Markets, Energy, Equities, Federal Reserve, Fiscal policy, Fixed Income, Forex, Gold, Inflation, Japan, Macro, Money, Oil, Trade, USA, Yield Curve

Trade Wars: Blue-on-Blue

Posted on by Sean Corrigan
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Austrian Theory, Bank of England, CBI, Central banks, Fiscal policy, Keynesianism, Macro, Theresa May, UK

Ready, Neddy, GO!

Posted on by Sean Corrigan
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