The Two Santa Claus Theory of Economic Growth and the Prospects of Modern Monetary Theory (MMT)
Intentional deficit spending is not strictly a Democratic agenda. Republicans pushed related ideas with the Two Santa Claus Theory: deficit spending and tax cuts for the rich. Written in March 1976, by Wall Street Journal editorial writer, Jude Wanniski stressed that for economy to be healthy, US politics should have a division of labor between Democrats and Republicans.
HOW IT CAME TO RULE THE WORLD, 1.2
The New Deal had restructured the US policy environment and with the industrial stimulus of World War II, saved liberal capitalism in the United States. IBM for example had been clutched from the jaws of the Great Depression by the Social Security Act, which provided a major market for its new keypunch calculating machines.
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Recent Posts
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- Korea in a Post Covid-19 World, Part 2: Merging Digital and Green New Deals
- The Two Santa Claus Theory of Economic Growth and the Prospects of Modern Monetary Theory (MMT)
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- The FCC’s First Computer Inquiry
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- My Top Social Media Books
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- Telegraphy: The Space-Time Governmentality
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- Dominant and Emerging Models of Global E-Commerce
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- Gathering for iAMDA’s Mobile Art Conference, NYC
- East-West Center Scholarships
- World Statistics Day
- Factors Establishing the Feasibility of Global E-Commerce
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- How IT Came to Rule the World-The Information Standard and Other Sovereignties
- How IT Came to Rule the World: TRANSFORMATION OF THE INTERNET
- How IT Came to Rule the World, 2.8: Apple, Silicon Valley and the Counter-Cultural Impulse
- How IT Came to Rule the World, 2.7: The Origins of Microsoft
- How IT Came to Rule the World, 2.6: The PC and the Floppy Disk
- How IT Came to Rule the World, 2.5: Intel and the PC
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Referencing this Material
Copyrights apply to all materials on this blog but fair use conditions allow limited use of ideas and quotations. Please cite the permalinks of the articles/posts.
Citing a post in APA style would look like:
Pennings, A. (2015, April 17). Diffusion and the Five Characteristics of Innovation Adoption. Retrieved from http://apennings.com/characteristics-of-digital-media/diffusion-and-the-five-characteristics-of-innovation-adoption/
MLA style citation would look like: "Diffusion and the Five Characteristics of Innovation Adoption." Anthony J. Pennings, PhD. Web. 18 June 2015.
About Me
Professor at State University of New York (SUNY) Korea since 2016. Moved to Austin, Texas in August 2012 to join the Digital Media Management program at St. Edwards University. Spent the previous decade on the faculty at New York University teaching and researching information systems, digital economics, and strategic communications.
You can reach me at:
apennings70@gmail.com
anthony.pennings@sunykorea.ac.kr
About me
Writings by Category
- automatrix
- books and films
- characteristics of digital media
- creative cities
- creative industries
- crisis communications
- cultural Industries
- data analytics and meaning
- democratic political economies
- digital coordination
- digital destruction
- digital geography
- digital media economics
- digital media management
- digital monetarism
- digital spreadsheets
- disruption
- dystopian economies
- educational innovations
- electric money
- enterprise systems
- financial news
- financial technology
- food policy and security
- geopolitical risk
- global communications
- global e-commerce
- health IT
- how IT came to rule the world
- intellectual property
- journalism
- meaning makers
- meaningful play
- media strategies
- mobile technologies
- multimedia
- political economies in sf
- political economy of media
- science and technology studies
- smart new deal
- social media
- space systems
- strategic communications
- sustainable development
- technologies of meaning
- telecom policy and net neutrality
- telegraphic political economy
- telelearn/telework
- the cold war
- the smith effect
- uncategorized
- visual literacy and rhetoric
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Disclaimer
The opinions expressed here do not necessarily reflect the views of my employers, past or present.