Bill Mitchell | Billy blog
Macroeconomic research, teaching and advocacy
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Education should be a nation-building investment not a tax on graduates
Today, I am Perth giving a keynote presentation to the Royal Australian and New Zealand College of Psychiatrists (RANZCP) 2023 Congress. My talk is... -
Economics Groupthink on display in its most dismissive, arrogant and mindless manner
Regular readers will know that I have spent quite a lot of time reading the literature in social psychology trying to understand how groups of... -
Post Brexit UK is seeing higher skilled labour entering from non-EU countries to support a range of services (public and other) – success
It’s Wednesday and so before we get to the music segment we have time to discuss a few issues. The first relates to the progress Britain is... -
Inside the Bank of England governor’s dreams – the wage-price spiral we cannot see
Many central bank officials have been trying all sorts of conditioning narratives to convince us that their interest rate hikes have been justified.... -
The Letter from The Cape Podcast – Episode 7
Episode 7 for my – Podcast – Letter from The Cape – is now available. In this podcast, we discuss the dangers that arise when we... -
Australian labour market deteriorates – employment growth negative, participation down, unemployment rising
Yesterday we had the wages data. Today the Australian Bureau of Statistics (ABS) released of the latest labour force data (May 18, 2023) –... -
No evidence of an imminent wages breakout in Australia despite the claims by the RBA to justify their hikes
Today (May 17, 2023), the Australian Bureau of Statistics released the latest – Wage Price Index, Australia – for the March-quarter... -
The end of the common currency (euro) cannot come soon enough
In my 2015 book – Eurozone Dystopia: Groupthink and Denial on a Grand Scale (published May 2015) – I traced in considerable detail the... -
The climate emergency requires us to reset our understanding of fiscal capacity. It is already, probably, too late.
In Tuesday’s fiscal statement, the Australian government made a lot of noise about dealing with the climate emergency that the nation faces... -
A fiscal statement designed to increase unemployment and drive more jobless workers into poverty
Last night (May 9, 2023), the Australian government delivered the latest fiscal statement (aka ‘The Budget’), and, in doing so...