How a Banking Union Has Created Deep Divisions that Undermine the Eurozone’s Stability
How the new European banking reforms have weakened stability and hurt some countries, particularly Italy, while helping German banks.
Read more...Category Archives: Economic fundamentals
A Memo From MMT’s Legal Department
MMT has long recognized that law in fact constitutes and shapes modern economies and the monetary regimes that underpin them.
Read more...Gerald Epstein: If Yellen is Out, What’s Next for the Fed?
Fed Chair Janet Yellen dodged a recent question about whether she’d accept a second term–although it’s unlikely Trump will re-appoint her.
Read more...Ben Bernanke, in Denial? “When Growth is Not Enough”
Bernanke is selling the idea that things aren’t that bad….which is true if you are in the top 20%, which he also kinda acknowledges…
Read more...Brexit Starts to Go Pear Shaped from UK Side as Businesses Freak Out
British businessmen are starting to wake up to what Brexit really means for them, but their proposed fixes are yet more wishful thinking.
Read more...Growing, Shrinking, and Long-Run Economic Performance
Why economists’ thinking about growth may be entirely backward.
Read more...The Chinese Debt Time Bomb
The latest debt data out of China adds to the expected end-game of a big reversal of fortunes.
Read more...When Trying to Increase Your Pay Was Dangerous
The long and often brutal history of owners scheming to contain pay levels.
Read more...Economics of the Populist Backlash
Populist movements are the regular result of trade-induced economic dislocations and distribution. So why were economists surprised?
Read more...Jim Chanos: U.S. Economy is Worse Than You Think
Famed short seller Jim Chanos gives a hard look at America’s fundamentals. He is not impressed by what he sees.
Read more...Inequality: How We Got Here, and What Should Be Done
More discussion of the causes of rising inequality and possible remedies.
Read more...Trump-Style Policies Will Deepen the “American Carnage”
An in-depth look at Trump’s economic plans shows they would enrich the 1% and hurt the “forgotten people” he promised to help.
Read more...Yanis Varoufakis: Latest Eurogroup Statement Keeps Greece on the Austerity Rack
The Eurogroup doubles down on Greek debt extend and pretend, to its members political advantage and at great cost to Greek citizens.
Read more...The Fiscal Policy Experience Since the Great Recession
Why fiscal policy measures after the crisis were too weak.
Read more...Trump, Republicans Make Bogus Case for Bank Deregulation as Senate Certain to Curtail House Dodd Frank “Reform”
Trump and the Republicans are moving forward with deregulation plans that serve big bank bottom lines, not the broader economy.
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