S's new social analysis is for immigration but is it and everything else it is in a way that is most repressive. The class analysis and the workers' needs are absent. S is the big red-green society-supporting party. It must abandon the idea of "saving-in-the-barns". This austerity goal is only focused on subsidizing the wealth of the very few at the expense of…
Category: Monetary policy
Why should we not say loans about government deficits
It is the term loan that is so misleading and could be misused to borrow from capitalists or abroad. Technically, it is not a loan either. The state can request that the people do the best they can and the state must help the people according to its ability. Then the state directs or helps the people by creating money…
The truth about immigration
A conservative view is that a country can either have a sustainable welfare state or high levels of immigration. But that view is wrong. The fact is that we can achieve both a well-functioning welfare state and increased immigration. By using progressive taxes and government deficits to invest in making everyone in society feel good…
No government deficits – society's unnecessary straitjacket
Vote for bigger government deficits! Deficits are part of how the state regulates the market and protects citizens and nature. Neoliberalism attacks this. How is money created? Can we afford to work? Sweden's Riksbank's prize in economic science in memory of Alfred Nobel in 2022 suggested that banks have an important role for the social economy even if this can…
Trickle-down economics has reached the end of the road
Comedian Jonathan Pie shows with pinpoint brilliance in the video below how Trickle-down economics with his mantra: "Help the rich! Punish the poor!” not working. Trickle-down economics does not build a strong economy nor a strong welfare. Put simply, it leads to a very difficult existence for those who have the least. Even many high achievers…
How to save equality and the environment/nature all over the world
Global equality and the environment - how do we save these? Modern Monetary Theory (MMT) is a macroeconomic theory that proposes that governments with their own currency have the ability to spend unlimited amounts of money on desirable sectors of the economy. Sustainably productive investments increase budget space According to MMT, government spending is limited by inflation and not by public debt....
Interest rates do not control the economy
Interest rates do not control the economy. This makes the central banks' monetary policy an extremely ineffective and blunt tool. Jussi Ora has done the following excellent video interview with economics professor Richard Werner. Werner has examined the historical empirical evidence on whether interest rates control the development of the economy. The result was that interest rates do not control this. Fiscal policy is a much more effective tool for governing…