Category Archives: recession

Reply to an MMT critique of my column on pro-cyclical policy

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Aug. 30, 2018 — I received an invitation from Paul Fagan to respond to a critique by Bill Mitchell of my column at Project Syndicate and the Guardian, “US will lack fiscal space to respond when next recession comes”.   (My subsequent blogpost, “The next recession could be a bad one” is a slightly extended version.)  I am happy to respond to the critique.
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The Next Recession Could Be a Bad One

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August 30, 2018 —  US economic statistics are currently good.  But the next recession could be bad.  

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Looking Back on Barack

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(Jan. 16, 2017)  At the end of his time in office Barack Obama merits an enumeration of some of his many accomplishments.   The recollection should start as he started, on January 20, 2009: the pilot taking the cockpit just when the plane was in an uncontrolled dive.

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