Curbing the freedom of writers will not advance human rights

Today’s blog post is a little different to my usual posts because I am writing it as a writer rather than as an economist. I write tens of thousands of words every year and have done so for many years. People have asked me whether I enjoy spending my time in that way, given that it would seem to be quite a discipline. It is. But it is also my freedom. My freedom to express an alternative viewpoint. My freedom to publish the results of my research, framed in my own particular way. Many people hate what I write and I get a lot of hate E-mails telling me that. Anytime I mention Palestine, the hate mail floods in. I am told to delete the posts and/or die. Anytime I criticise the US, the hate comes in. I am surprised, frankly, that people have that much time on their hands, and, moreover, think that I will somehow crumple in a heap when accused of being an anti-Semite, when all I have ever done in that space, is to criticise the indecent, genocidal and illegal policies and actions of the Israeli government acting out their Zionist ideology. There is zero anti-Semite intention in that despite the way the current debate has successfully conflated the two. From one perspective, I have known ‘cancel culture’ my entire career. The dominant and destructive Groupthink in my profession has always tried to sideline my point of view. But I sense at this period of history that we are in a time where authoritarian viewpoints are once again becoming dominant in the wider society and as a writer I see the danger in that for individuals and our posterity.

Read more

The Bank of Japan is light years ahead in sophistication relative to the West

Given yesterday’s detailed monetary policy analysis, I am using today to present an array of news items and some brief analytical thoughts on central bank monetary policy. The latter is based on a very interesting speech that the governor of the Bank of Japan gave in Nagoya earlier this week. The juxtaposition with the way the Western central banks are behaving at present is stunning. There is also some self promotion and some announcements. Then we get to listen to Ron Carter. A good day really.

Read more

Launching the CofFEE Financial Resilience Barometer – Version 1.0

It’s Wednesday and while there is a lot to write about, I am prioritising the release today of our latest research at the Centre of Full Employment and Equity (CofFEE). The release of what we are calling the – CofFEE Financial Resilience Barometer – Version 1.0 – is part of a research collaboration I have with Professor Scott Baum at Griffith University. We have Australian Research Council funding for the next three years to explore regional resilience in the face of economic shocks, particularly after the massive disruptions from the Covid pandemic. Today we release the first output of that research. I also consider other matters today and the usual Wednesday music segment comes with a song from a leading Palestinian singer.

Read more

My blog is on holiday today

My blog is on holiday today in the nation’s capital. It was safe to be here because all the politicians and their advisors have gone back home! Last night I saw the fabulous Demons outsmart the Giants (who seem to think punching behind play is the way forward). It was great to see the old MCG manual scoreboard (which was transplanted to Manuka Oval in Canberra when the MGC was rebuilt (some say modernised). Anyway, tomorrow we will be back, but for the rest of the day, you might listen to some music provided below.

Read more

RIP Michael Perelman – October 1, 1939 to September 21, 2020

Its Wednesday and a light blog writing day. Today, I reflect on the recent death of one of the great economists who was a good friend and taught me a lot about things. I thought I would offer a few words about his life especially our interaction. And today is a special day in Australia – Armistice Day. And, there is another working paper available if you like reading pre-published academic material. It will come out soon in an academic volume.

Read more

Remembering a friend today

Today is my light blog day (Wednesday) and it will be even lighter as a result of commitments I had today. Earlier, I attended a funeral for a great person – Tuấn Nguyễn Văn – who died last week in his home of Auckland. He is known to many Modern Monetary Theory (MMT) people for his relentless pursuit of politicians who continually do not tell the people the truth about the policy options, and, instead, impose material costs on the least-able to defend themselves against unemployment, low pay, precarious work, cuts in public services, degraded infrastructure and more. He was a really nice person and I am so glad I was able to meet him personally earlier in the year. So I decided not to write anything more than that today by way of blog post writing and took the time attending his funeral to reflect a bit on lost souls who were valued and precious. Some appropriate music follows.

Read more

Somewhat of a Marxist

The Northern Territory government is proposing to split the state monopoly Power and Water utility, which provides electricity and water services to the Territory, into three separate entities: power generation; power distribution (retail); and water provision. The power generator would sell electricity to the retail division but also would sell to any private retailers who wished to enter the system on a competitive basis. While the politics of the matter do not interest me, the main claims are the usual ones that are wheeled out by proponents of privatisation – better deal for consumers because efficiency rises. The rival view is that the split up is the precursor to privatisation, which has demonstrably been shown by 30 years of evidence to not improve service delivery, employment, or result in lower prices. As an economist who has done work in this area since the mid-1980s, I was asked by the NT News (a daily newspaper) to comment on the proposal. The story appears in that newspaper on Tuesday, February 17, 2014. What followed was an attack (under privilege) on me from the NT Treasurer, who mislead the NT Parliament by making things up about me. This blog briefly clarifies what the truth is.

Read more

Getting out of here!

What is happening today? I am off to Europe next week for my annual inspection of how successful fiscal austerity has been (not!). I actually have some work to attend to. I will report on that in due course. I was due to fly to Sydney late Sunday but I changed my plans and decided to fly today, which also explains why my normal blog today is very short. What motivated that?

Read more
Back To Top