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Posted by Dave on

International Trade and MMT

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. …

Posted by Dave on

On Presidentialism

On Presidentialism

While writing and thinking about the democratic legitimacy of the Referendum, I discovered the work of Juan J Linz. This article initially hosted my thoughts on Linz’s views on the US Presidential system and its clones. I returned to it in the Autumn of 2021 when questions of why the founding fathers did it this way.

On, my article, Dictatorship and 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 link below, also here are further notes on Presidentialism and Parliaments.