Category Archives: anti austerity

The economics of Fuller Employment in the Twenty-first Century

Posted on May 18, 2019 by haroldchorneyeconomist

************************************************************************************* CLICK LINK BELOW FOR PDF OF FULL PAPER WITH ALL CHARTS INCLUDED: HRc The economics of fuller employment in the twenty first century may 29 2019 5-48pm ************************************************************************************* The economics of fuller employment in the twenty first century. By … Continue reading →

Posted in anti austerity, Brexit, Canada, deficit hysteria, European unemployment, European Union and UK, France politics+economy, Free trade and Canadian history, free trade and globalization, full employment, infrastructure investment, J.M.Keynes, Uncategorized | Leave a comment

Yellen announces 25 basis point rate increase. Will this dampen Trump’s infrastructure stimulus ?

Posted on December 15, 2016 by haroldchorneyeconomist

The chair of the Federal Reserve Janet Yellen has announced a small but policy significant increase in their targeted range for interest rates from 0.25% to 0.50 % to 0.5% to 0.75%. The over night funds rate sits at 0.41% … Continue reading →

Posted in anti austerity, business cycles, Canada, Uncategorized | Tagged , , | Leave a comment

Corbyn wins significant victory returned as UK Labour party leader:fallout from crash continues

Posted on September 26, 2016 by haroldchorneyeconomist

Jeremy Corbyn the embattled socialist leader of the Labour party has won a major victory in the second battle for leadership of the Labour party. He defeated his more centrist challenger Owen Smith by a margin of 62% to 38%. … Continue reading →

Posted in anti austerity, Electoral roof falls in on Miliband, J.M.Keynes, progressives | Tagged , | Leave a comment

Theresa May 199, Andrea Leadsom 84, Michael Gove 46 Gove eliminated and Leadsom drops out. May will be prime minister.

Posted on July 11, 2016 by haroldchorneyeconomist

The Michael Gove betrayal gambit turns out all for nought. Ruthlessness has its electoral limits. So the next British Prime minister will be a woman, Theresa May. How long she can keep the job without calling an election remains to … Continue reading →

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UK continues to reel from Brexit shock: Johnson drops out of the race to succeed Cameron .Corbyn refuses to resign.

Posted on June 30, 2016 by haroldchorneyeconomist

The fallout from last Thursday’s Brexit vote in the UK continues. Five candidates to replace PM David Cameron as leader of the governing Conservative party have announced their candidacy. These will be reduced to the leading two by a vote … Continue reading →

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Brexit vote very close Leave side ahead 51.3 % to 48.7% for Remain as count continues with 266 of 382 regions counted and declared

Posted on June 24, 2016 by haroldchorneyeconomist

As of 11:20 Montreal time Thursday evening the Leave side is headed it would seem to a narrow victory in the Brexit referendum.They are currently ahead by 11,098 011 votes to 10 477 662 votes for Remain. The turnout was … Continue reading →

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German High court approves the constitutionality of European Central Bank buying state debt

Posted on June 22, 2016 by haroldchorneyeconomist

I have been away from my web site for some time recovering from the toil of exam grading and a bad case of spring flu. In that period of several months much has transpired including the tragic passing of a … Continue reading →

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Labour will bring Keynes not just Piketty to Downing St. If they win

Posted on April 21, 2015 by haroldchorneyeconomist

There is an interesting article in the current New Yorker on line  by John Cassidy in which he claims that if Labour wins the British election it will be a victory not of Keynesian doctrine over Conservative austerity but of … Continue reading →

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Obama leads with inspiring state of union speech;European central bank embraces QE

Posted on January 22, 2015 by haroldchorneyeconomist

The President of the United States delivered an excellent inspiring progressive speech on the road forward. He proposed a number of progressive policy reforms aimed at diminishing inequality by modestly increasing capital gains taxation rates from 23 to 28 % … Continue reading →

Posted in anti austerity, European debt crisis, Greek sovereign debt crisis, monetary policy | Tagged , , | Leave a comment

Greek parliament fails to elect President:New national elections called for January 25, anti-austerity Syriza likely winner

Posted on December 29, 2014 by haroldchorneyeconomist

Events are moving closer to a major policy change for the better in Greece. The Greek parliament failed to vote in large enough numbers for the proposed candidate for President Stavros Dimas. He required 180 votes but received only 168 … Continue reading →

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