Running trains faster but leaving more people on the platform is nonsense

Earlier in the week I was in Britain. Walking around the streets of Brighton, for example, was a stark reminder of how a wealthy nation can leave large numbers of people behind in terms of material well-being, opportunity and, if you study the faces of the people, hope. I am used to seeing poverty and mental illness on the streets of the US cities but in Brighton, England it very visible now as Britain has struggled under the yoke of austerity. Swathes of people living from day to day without hope under the current policy structures, damaging themselves through visible alcohol and substance abuse, cold from lack of shelter and adequate clothing, and the rest of it. And then a little diversion around the City area of London, where the overcoats the men wear cost upwards of £2,000 and the faces are full of intent. Two worlds really. I was thinking about those recent experiences when I read the latest release from the IMF (September 20, 2017) – Growth That Reaches Everyone: Facts, Factors, Tools. Their analysis continues the slow move of the IMF to acknowledging, not only the reality the world faces, but also, by implication, the massive costs that this institution has inflicted on poor people around the world.

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Travelling all day today …

I am travelling all of today to the US for the MMT Conference in Kansas City which begins on Thursday. I hope to see some of you at the conference which will be a major development in our program of work and advocacy. From there I am onto London for the British Labour Party Conference presentation (Monday) and the book launch of my latest book (with Thomas Fazi) Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World (Tuesday – see below for free ticket access). For details of all the events associated with my speaking tour in the next fortnight see below.

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Travelling all day today but here is something to watch and listen to

I am travelling most of today and thus my usual blog will resume tomorrow. Yesterday, an interview that I did for RadioNZ (the public broadcaster) on Friday was aired on their popular Sunday Show. You can access the interview overleaf. You can also access the video of my presentation on Friday (July 28, 2017) at the University of Victoria, Wellington. That should keep you all busy.

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Today in Wellington – Live Stream at 12:30 NZ time

I am Wellington (NZ) today and in addition to various meetings and other engagements I am giving a presentation which I am calling “Thinking in a Modern Monetary Theory Way”. I hope to post audio or video with slides etc on Monday when I have some more time to process the information. But you can watch the presentation live (I am told) and the details are available by Clicking “Read the rest of this entry” …

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Travelling to the land of the long white cloud today

I am travelling for most of today to New Zealand (Wellington) to honour some engagements promoting a new political movement that is keen to use Modern Monetary Theory (MMT) as a basis for a progressive political agenda in a nation that has been in the throes of a neo-liberal infestation for several decades now. In fact, New Zealand was one of the first to sink into neo-liberal oblivion. I wrote about the devastating consequences of this policy shift in this blog – The comeback of conservative ideology. It was a very sorry tale indeed. The sociopaths took over. You can see a rich portrayal of how the neo-liberals set about wrecking the social fabric of this wonderful nation by watching the documentary film – In a Land of Plenty – which runs for 1 hour and 44 minutes. It is compelling and worth the investment of your time. You will get angry. But maybe getting angry is the first step towards getting active and joining collective movements to do something about this nonsense. Indeed, that is what I am up to over the next few days – helping a new political movement develop narratives to counter the insidious dominance of the neo-liberals. Building a true oppositional Left is the imperative now for all activists.

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Blog goes on holiday today …

Today is a public holiday (ANZAC Day) where we remember the efforts of our past generations who fought in wars. I am not very enamoured by the hype that surrounds these days – commercialisation reigns and the black/white nature of the narrative (we were good they were evil) obscures the reality of war and the political machinations that typically accompany it. In Australia’s case our involvement in several wars has been the product of unnecessary colonial master-servant type arrangements (us being the servant) and/or ridiculous alliances with the war mongering US. But the soldiers certainly did it tough and I have sympathy with that – and personal association with my parents. But for me, I am travelling a lot today and am taking the work time to continue working on the completion of our Modern Monetary Theory (MMT) textbook, which is now in its final stages (2 weeks away). I expect it to be published later this year now through Macmillan. I will post specific information when it is available. While I am working today, I am listening to this …

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Blog has gone on holiday

Today is a public holiday and we are in the final days of completing our manuscript for the next version of the Modern Monetary Theory (MMT) textbook (which is to be published by Macmillan later this year). So I am devoting work time today to that task and as a consequence my blog is taking…
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Travelling today so enjoy the music

I am travelling a lot today – from London to Brussels and then onto Maastricht. I have had some meetings in London and then tonight (Europe time) I will present the Third Joan Muysken Lecture at the University of Maastricht, which honours their foundation professor in macroeconomics (and one of my co-authors). The talk will outline why the Eurozone should be dissolved forthwith. I don’t expect a sympathetic crowd. Tomorrow, I am giving a talk at the University on why mainstream economics has contributed nothing to the advancement of societal well-being. Rather, it has been a blight on progress. I expect a even less than sympathetic audience. Should be fun! I will try to post audio (at least) of these events. But for now … here is some music.

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Happy something …

I am travelling for a fair part of today and also taking a day off writing (well blogs at least). I have been pushing forward on the final manuscript for our next version of the Modern Monetary Theory textbook, which will come out in 2017 sometime. Anyway, until tomorrow I will leave you with some music that I have been listening to this morning before taking off for the day. Back on to the hard stuff tomorrow.

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