International Trade and MMT

I have now re-read Chapter 8 of Reclaiming the State and this is what I think they say on International Trade, I plan to simplify it further. I have tried not to insert the anti-arguments, but I am not sure that I agree that “Sudden Stops” can only happen to poor countries. Also if the MMT people are right, then while the fiscal surplus/deficit is not a constraint on macro-economic policy, I am still to be convinced that the balance of trade isn’t! Also MMTers argue that the World Bank/International Monetary Fund/WTO will need to be refactored with new goals based on facilitating trade & development and ensuring that Trade can be financed. If collective/political action is required to ensure that international trade works, why not the EU as the first port of call. Anyway, here’s my notes. … Continue reading “International Trade and MMT”

On Presidentialism

While writing and thinking about the democratic legitimacy of the Referendum, I discovered the work of Juan J Linz. On, my article, Dictators & Plebiscites, I had been pointed at Problems of Democratic Transition and Consolidation: Southern Europe, South America, and Post-Communist Europe a review by Fukiyama of Linz & Stepan’s revised work on Autocracy, which was also referenced by Qvortrup, Here is a mirror, on this site. The Fukiyama piece is very short and more of a plug than a review. I found the Linz paper, and here are further notes on Presidentialism and Parliaments. Continue reading “On Presidentialism”

On the fitness of Keith Vaz

Over the summer of 2019, Keith Vaz reused his medical condition to have decisions of Labour’ NEC Disputes Committee reviewed. It’s not the first time and raises the question of whether you can be partially sick. Obviously in employment, one can be recommended ‘light duties’ or employers can be made to make “reasonable adjustments” in the case of disability. How should these be applied to MPs? Here are my notes and links on the Vaz cas. …  Continue reading “On the fitness of Keith Vaz”