Bill Mitchell | Billy blog
Macroeconomic research, teaching and advocacy
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Eurozone inflation heading negative as the PEPP buys up big – don’t ask the mainstream to explain
Governments save economies. Never let a mainstream economist tell you that government intervention is undesirable and that the ‘market’... -
MMTed Q&A – Episode 1 – streaming tonight
MMTed is launching its new on-line show – MMTed Q&A – tonight. Live streaming begins Wednesday Night 20:00 East Coast Australia... -
Australia national accounts – early stages of the virus recession now clear
Australia has endured a sequence of unplanned disasters over the last 12 months. The lingering effects of a long drought. Massive bushfires. Floods.... -
Why do currency-issuing governments issue debt? – Part 2
This is Part 2 of the two-part series which focuses on the question: If governments are not financially constrained in their spending why do they... -
Why do currency-issuing governments issue debt? – Part 1
One question that continually comes up when I do interviews is this: If governments are not financially constrained in their spending why do they... -
The Weekend Quiz – May 30-31, 2020 – answers and discussion
Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three!... -
The Weekend Quiz – May 30-31, 2020
Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blog posts that I post. See how you go with the... -
ECB asset purchase programs are the only thing keeping Member States solvent
I haven’t had time yet to fully work through the decision by the European Commission yesterday to provide grants and loans to struggling... -
May 30, 2020 – we remember the release of the 1945 White Paper on Full Employment
Some Wednesday snippets today. Tomorrow, I will write about what I have been thinking about the Eurozone. There has been a lot of hot air about the... -
The Australian government is increasingly buying up its own debt – not a taxpayer in sight
In the wake of the $A60 billion bungle, the Australian government has turned its attention to creating smokescreens. Yesterday (May 25, 2020), the...