About Emer
Website: http://smarttaxes.org
Emer92da0c has written 95 articles so far, you can find them below.

Monetarism versus Fiscalism versus MMT

.In a non-convertible floating rate monetary system, the currency issuer is not constrained operationally. The only constraint is real resources. If effective demand outruns the capacity of the economy to expand to meet it, then inflation will result. If effective demand falls short of the capacity of the economy to produce at full employment, then the economy will contract, an output gap open, and unemployment will rise. It is important to note that MMT economists are NOT recommending the adoption of a Treasury-based monetary system. Rather, they are asserting that the present monetary system is already Treasury-based operationally, even when governments choose to impose political restraints that mimic obsolete practices and create the impression that these are operationally necessary.

How Cutting Property Taxes Makes You Poor

by Emer O'Siochru, from the Smart Taxes Network. The Irish have a lot of learning to do about property taxes.  Following the 1903 Land Acts, the new largely Catholic landowners who displaced the largely Protestant absentee landlords, immediately sought to deny their obligation to the people of the nation that had helped them win their fine farms. [...]

Are we approaching the endgame for the euro?

By invitation of Smart taxes Marshall Auerback is coming to Dublin to speak at a public event on Friday the 23rd of September in Buswells Hotel. Be sure to put the date in your diary and watch this site for more info. He says " Rather than attempting to stave off a double-dip recession by easing fiscal and monetary policy, the European Central Bank (ECB) has gone careening off in the opposite direction." [...]

Michael Hudson on Rating Agencies

Michael Hudson is always worth the time to read.  In this piece in New Economic Perspectives he eviscerates the rating agencies.  Here are his concluding remarks.. …No less a financial publication than the Wall Street Journal has come to the conclusion that “in a perfect world, S&P wouldn’t exist. And neither would its rivals Moody’s [...]

Worrying Trends in the Eurozone

Warren Mosler has found signs that the ECB is beginning to collect the right kind of data. Their interpretation of it is still problematic though.. Current policy responses continue to support the same repressive fiscal policies [...]