Piketty is Right: The Germans Never Repaid Their Debts

I recently read a fantastic exchange between the German newspaper Die Zeit and French economist Thomas Piketty. Here is the original in German–there is an English translation by Gavin Schalliol, but at the time of writing Zeit is disputing Schalliol’s right to publish it. Fortunately, copies of the English translation have shared elsewhere on the web. In the exchange, Piketty makes a point that is seldom made–Germany itself is a direct beneficiary of the debt forgiveness and currency devaluation policies Keynesian economists are recommending for Greece.

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Greece Should Dump the Euro

The Greek government has decided to hold a referendum on whether or not to agree to the austerity and neoliberal reforms demanded by the troika (the IMF, the ECB, and the EU). The Prime Minister, Alexis Tsipras, has implied that if Greeks vote for austerity, he might resign. I’ve written about the negotiations between Greece and the troika in the past. Since then, events have unfolded and it’s now time for Greece to make good on its threat and dump the Euro. Here’s why.

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Exposing the Myth of Austerity: An Interview with Benjamin Studebaker

A couple of days ago, I did an interview with Robbie Bennett and Jakob Lount from the People’s Resistance, an organization devoted to challenging the British government’s austerity policies. The interview predominately covered austerity and UK and US economic policy, though there’s also a little bit about me personally and my academic work, if that interests you. They have kindly permitted me to share the interview with you in full below–you can also read it on their WordPress or their Tumblr, and they are also on Facebook and on Twitter. The introduction and the questions are their words, the answers are mine: Continue reading “Exposing the Myth of Austerity: An Interview with Benjamin Studebaker” →

Candidate Evaluations: Rick Perry

Rick Perry has joined the race for president, so here goes another candidate evaluation. I’ll be evaluating Perry’s background, policy history, and explicit statements to determine whether or not he would make a good president. I won’t be paying attention to electability or likeability, as is often common elsewhere on the web.

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The 3 Ways Governments Raise Money Part III: Printing

This is the conclusion of my three-part series on how governments finance themselves. The aim is to clear up the popular misconception that the state’s budget is similar to that of a corporation or a household, that government borrowing is always necessarily a bad thing. Previously we talked about taxation and borrowing–today is all about printing. Continue reading “The 3 Ways Governments Raise Money Part III: Printing” →