Category Archives: Economic Policy

Paul Krugman Pushes Factually Inaccurate Arguments About Argentina to Support His Discredited Monetarist Ideas

Posted on February 4, 2014 by pilkingtonphil

Well, Paul Krugman is out again waving his true colours in the wind while his die hard followers try desperately to look the other way and pretend that he’s not making stuff up. Basically Krugman is saying, following that pundit … Continue reading →

Posted in Economic Policy | 47 Comments

New Blog Dealing With Devolution/Scottish Independence

Posted on January 27, 2014 by pilkingtonphil

A colleague and I are currently in the process of launching a new think tank called ‘Gradualis’. The think tank will deal with the political and economic aspects of devolution. Our first focus will be on Scotland as they will … Continue reading →

Posted in Economic Policy, Politics | Leave a comment

Libertarian Paternalism is Clearly an Oxymoron

Posted on January 16, 2014 by pilkingtonphil

Blackwhite…this word has two mutually contradictory meanings. Applied to an opponent, it means the habit of impudently claiming that black is white, in contradiction of the plain facts. Applied to a Party member, it means a loyal willingness to say … Continue reading →

Posted in Economic Policy, Economic Theory | 7 Comments

Understanding Why the US Stimulus Package Worked While the Spanish Package Did Not

Posted on December 28, 2013 by pilkingtonphil

A couple of days ago I wrote a quick post comparing Spain and the US after their recessions in 2007/2008 and the government responses. The post was based on the premise that the US government had engaged in active stimulus … Continue reading →

Posted in Economic Policy | 18 Comments

How the US Fiscal Stimulus Worked and Why Spain is Still Stuck in a Rut

Posted on December 24, 2013 by pilkingtonphil

So, I’ve been debating an economist called Mark A. Sadowski over at Scott Sumner’s TheMoneyIllusion blog. The debate started on my blog when we were debating the effects of the QE programs on my post a few days back but … Continue reading →

Posted in Economic Policy | 15 Comments

Robert Shiller’s ‘National Equity’ Program: Upsides and Downsides

Posted on December 13, 2013 by pilkingtonphil

Two years ago Robert Shiller wrote an interesting proposal for countries to replace their national shares with national equity. He’s not the first to float such an idea. On the economics groups that I’m a part of I’ve seen such … Continue reading →

Posted in Economic Policy | 3 Comments

John Carney’s Jobs Proposal: Cutting Satire or Accidental Self-Parody?

Posted on December 11, 2013 by pilkingtonphil

What is the essence of parody? The dictionary defines it as, an imitation of the style of a particular writer, artist, or genre with deliberate exaggeration for comic effect But definitions aside, I think that everyone knows a parody when … Continue reading →

Posted in Economic Policy, Media/Journalism | 9 Comments

Gaze Not Into the Abyss: The KfW, Mitchell and Ramanan’s Misreading

Posted on December 10, 2013 by pilkingtonphil

Ramanan is attacking the Chartalists again. And as usual he assumes a stupidity on their part that, well, what was that Nietzsche quote again? Battle not with monsters, lest ye become a monster, and if you gaze into the abyss, … Continue reading →

Posted in Economic Policy | 43 Comments

Press Release For My New Tax-Backed Bonds Policy Note at Levy

Posted on December 5, 2013 by pilkingtonphil

FOR RELEASE: 05/12/2013 Contact: Philip Pilkington Telephone: xxxxxxxxxx Email: xxxxxxxxxxxx Tax-Backed Bonds Will Still Solve the Eurozone Crisis and Stop Austerity The Levy Institute of Bard College recently released a follow-up policy note by Philip Pilkington on the continued relevance … Continue reading →

Posted in Economic Policy, Politics | 3 Comments

In the Short-Run We Are All Dead: Probability Theory and Short-Termist Investment

Posted on November 27, 2013 by pilkingtonphil

Keynes famously said that in the long-run we are all dead. What he was counseling against was the tendency on the part of economists to discuss economic processes in terms of the so-called ‘long-run’. This idea, which I have written … Continue reading →

Posted in Economic History, Economic Policy | Leave a comment