Is government debt really out of control? And is inflation inevitably to follow?

Wherever you look, alarm bells ring about government #debt seemingly spinning out of control.

But is it really? Or might, as so often, some political agenda setting be at work here?
jakobsteffen.substack.com/p/is-governm...

#economics #PostKeynesianism #PKE #money

The nonsense of crowding out - by Jakob Steffen Why a key term bandied about in academia and media is simply erroneous

The notion of the state crowding out the private sector by its #deficitspending is currently trending. On my blog, I point out why it's a fallacy:

#economics #PostKeynesianism #PKE #debt #rates
jakobsteffen.substack.com/p/the-nonsen...

– unterschieden, um einerseits Lernprozesse, andererseits aber auch die Resilienz eines herrschenden Paradigmas untersuchen zu können. @imkinstitut.bsky.social

#postkeynesianismus #postkeynesianism #mindestlohn #fleck #arbeitsmarktökonomik

#postkeynesianism #keynes #minsky #kalecki #monetarykeynesianism

by the unrestricted operation of automatic stabilisers and, only in exceptional cases, by discretionary measures to prevent severe depressions. #Monetarykeynesianism #postkeynesianism #generalequilibrium

by the unrestricted operation of automatic stabilisers and, only in exceptional cases, by discretionary measures to prevent severe depressions. #Monetarykeynesianism #postkeynesianism #generalequilibrium

The employer has power over their employees; the big firm over its suppliers; a multinational corporation over governments. This is the glaring void in neoclassical/New Keynesian #economics.
#Postkeynesianism
/ends

#Japan's plight of low money wages & low #inflation is down to #unionisation levels next to zero and cultural aspects of total deference to the employer, no matter the level of #unemployment.

#economics #PostKeynesianism