Anthony J. Pennings, PhD

WRITINGS ON DIGITAL STRATEGIES, ICT ECONOMICS, AND GLOBAL COMMUNICATIONS

The Great Monetary Surge of 2020 and the Return of Inflation

We had an amazing shot of money into the economy during 2020. It continued into 2021 but nowhere near the amounts of 2020. It helped forestall an economic collapse but became part of the complex equation increasing prices.

The North-South Politics of Global News Flows

This research argues that the road for the international Internet and e-commerce was substantially paved by the attempts to free up the global flows of financial news and information needed for the new regime of digital monetarism.

Modern Monetary “Practice” and the Fear of Inflation in a Low-Supply Economy

So the economy looks to be at risk in late 2021. Will the practical application of MMT provide operational guidance for a new era of prosperity? Can infrastructure and climate change solutions provide sufficient returns on these investments? The big question is whether government spending for such programs can avoid significant inflationary pressures?

COVID-19 and US Economic Policy Responses

In this post, I look at how the Federal Reserve and Congress addressed the economic ramifications of the emerging pandemic in 2020.

Korea in a Post Covid-19 World, Part 3: The Green New Deal

I examine Korea’s concerns about its quality of life and some of its plans for addressing related economic and environmental issues. Despite impressive economic growth and infrastructure development, the country suffers from congested highways, industrial waste, and regular occurrences of high particle content in its air. Consequently, the Moon administration embraced a Green New Deal in mid-July 2020 to address these issues and pursue opportunities for green growth industries with export potential.

Korea in a Post Covid-19 World, Part 2: Merging Digital and Green New Deals

This post continues the discussion of the recent responses by Korea to the COVID-19 pandemic and its economic repercussions. It introduces the Digital New Deal and helps transition to the Green New Deal.

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.

Russia, the Fall of the USSR, and the Era of Pan-Capitalism

This post briefly discusses the breakup of the USSR and the globalization of digital capitalism.

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  • 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

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    The opinions expressed here do not necessarily reflect the views of my employers, past or present.