Category Archives: deficit hysteria

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

After the Crash:Rediscovering Keynes and the origins of quantitative easing (2nd posting)

Posted on September 9, 2016 by haroldchorneyeconomist

By Harold R.Chorney Professor of Political economy, Concordia University Montréal, Québec Preface: More than twenty five years ago I began to write about problems of public finance.( Chorney, 1984) At the time that I began to do so, I never … Continue reading →

Posted in austerity, business cycles, Canada, China and europe, classical economics, deficit hysteria, deficits and debt, European debt crisis, European unemployment, Federal Reserve, fiscal policy, France politics+economy, full employment, Greek sovereign debt crisis, Hayek, Italian debt crisis, J.M.Keynes, Japanese unemployment, Keynesian multiplier, monetary policy, quantitative easing, quantity theory of money, treasury view, U.K. economy, U.S., Uncategorized | Tagged , , | Leave a comment

Deficit hysteria in Québec:Facts versus Fictions, Net debt to GDP based on accumulated deficits 33%

Posted on November 15, 2014 by haroldchorneyeconomist

QUEBEC’S DEBT COMPARISONS WITH OTHER GOVERNMENTS IN CANADA Let’s compare Québec’s debt with the debt of the other governments in Canada, by using the two main debt concepts. The headline number which is largely meaningless because it ignores the value … Continue reading →

Posted in austerity, deficit hysteria, deficits and debt | Tagged , | Leave a comment

Even IMF believes in debt financed public infrastructure: at current low interest rates multiplier may be 3

Posted on October 6, 2014 by haroldchorneyeconomist

According to a commentary by Larry Summers in today’s Financial Times the IMF has pronounced itself finally in favour of major public infrastructure investment financed not by tax increases but by medium and long term borrowing. The current low interests … Continue reading →

Posted in anti austerity, deficit hysteria, Keynesian policy, public infrastructure investment | Leave a comment

Ed Balls embraces fiscal austerity at Labour Party conference: A Major error

Posted on September 22, 2014 by haroldchorneyeconomist

The shadow British Chancellor Ed Balls speaking at the Labour party conference has foolishly embraced the fiscal conservative principle of no new deficit financed funding for education or social investment or infrastructure when and if Labour is in office. This … Continue reading →

Posted in deficit hysteria, deficits and debt, European debt crisis | Tagged , , | Leave a comment

French Economics Minister Arnaud Montebourg resigns in opposition to misguided counterproductive austerity policies

Posted on August 25, 2014 by haroldchorneyeconomist

M.Arnaud Montebourg has openly protested against the austerity policies of the Hollande Government headed by Prime Minister Manuel Valls. He correctly denounced the policies as absurd and counterproductive in the fight against unemployment and the deficit. As a consequence of … Continue reading →

Posted in austerity, deficit hysteria, European unemployment, France politics+economy | Leave a comment

Economic stagnation persists in Europe: austerity policies are the cause

Posted on August 13, 2014 by haroldchorneyeconomist

This week Stats Canada has announced it is recalculating its employment numbers because of a processing error in its July tabulation. It will be interesting to find out in what direction and way they erred in their earlier release. The … Continue reading →

Posted in deficit hysteria, deficits and debt, European debt crisis, European unemployment, fiscal policy, France politics+economy, full employment, Greek sovereign debt crisis, monetary policy, Spain, treasury view, U.K. economy, unemployment | Leave a comment

Washington coming to its senses ? Canadian unemployment falls to 6.9 %. Alice Munroe wins Nobel Prize for literature

Posted on October 11, 2013 by haroldchorneyeconomist

Amazingly the the government shutdown in the U.S. which began October 1, 2013 continues despite some serious efforts at negotiating an end to it, the restoration of services and a short term six week respite on the debt ceiling deadline … Continue reading →

Posted in Canada, deficit hysteria, full employment, government shut down+debt ceiling U.S., U.S., Uncategorized, urban culture | Tagged | Leave a comment

The long hot summer recovery continues

Posted on August 26, 2013 by haroldchorneyeconomist

I have been away from my blog and web site for  an extended period, last posting at the close of June. I will be resuming a more frequent schedule beginning next week. A heck of a lot has transpired both … Continue reading →

Posted in austerity, business cycles, classical economics, deficit hysteria, fiscal policy, full employment, monetary policy, U.K. economy, Uncategorized, unemployment, urban culture | Tagged , , | Leave a comment

Markets always overreact to changing expectations: this time was no different

Posted on June 27, 2013 by haroldchorneyeconomist

I have been away working on my research and publishing and nursing a very nasty summer cold these past few weeks . A lot has happened that needs to be noted. First let me pay tribute to the long and … Continue reading →

Posted in austerity, business cycles, classical economics, deficit hysteria, European debt crisis, J.M.Keynes, quantitative easing, unemployment | Tagged , , , | Leave a comment