The EU’s Green Deal: Bismarck’s ‘What Is Possible’ versus Thunberg’s ‘What Is Imperative’ in the Age of Covid-19
A detailed look at the Green Deal: bold goals, with a shortage of money, transition plans, and social democracy.
Read more...Category Archives: Economic fundamentals
The Coronavirus Depression Requires A New Approach to Budgeting
Coronavirus spending illustrates the foolishness of legislators believing their own numbers.
Read more...Informal Workers in the Time of Coronavirus
Not surprisingly, people who don’t have regular jobs will be very hard hit by the coronavirus crisis. And there are a lot of them.
Read more...Coronavirus: More Wheels Coming Off
Some scattered but nevertheless telling signs of coronavirus impact.
Read more...The First Victims of the Oil Price War
Why Russia has the upper hand in the oil price war, and what that might mean for US shale players.
Read more...Radical Imagination: Imagining How the World of Finance Really Works
Michael Hudson rings the changes on some of his favorite themes: the logic of ancient debt jubilees. and the role of finance in contemporary rent extraction.
Read more...Tax Justice and Modern Monetary Theory – A Guide
Does Modern Monetary Theory take tax justice for granted?
Read more...The Coronavirus Stimulus Bill Is a $2 Trillion Slush Fund for Washington Cronies
Why you should hate the coronavirus “stimulus” bill.
Read more...Covid-19 Hits the Dual Economy: Incomes Destroyed at the Bottom, Profits Supported at the Top
Why preserving (big) corporate profits will not bail out the economy.
Read more...What the Government Needs to Do Next to Tackle the Crisis
Jamie Galbraith describes what government needs to do to keep hospitals and the real economy functoning during the coronavirus crisis.
Read more...Debt and Power: An Interview With Michael Hudson
Micheal Hudson explains how the ancient approach to managing debt is far superior to ours.
Read more...At Long Last the Government Can Borrow Straight From the Bank of England – As Modern Monetary Theory Has Always Suggested It Should
The UK embraces modern monetary theory….and perhaps hopes no one notices.
Read more...Bailout Shenanigans: Making 2008 Look Good?
The bailout bill looks shameless, even by Trump Administration standards.
Read more...UN Chief Warns of Coming Recession for the Planet
The UN feels compelled to weigh in on the less-than-sunny economic outlook.
Read more...The Coming Fiscal Crisis Of State And Local Governments
State and local governments will soon be in a world of hurt.
Read more...