Category Archives: Economic fundamentals

Nomi Prins: My Financial Road Map for 2018

Some crystal ball gazing for 2018.

Brexit: UK Still Refusing to Do Any Thinking Re Trade

The UK is going nowhere fast on Brexit, except it is trying even harder than before to blame the EU for its problems.

Answers from the MMTers

Serious Economist Jared Bernstein asked some questions about MMT. MMT thinkers Stephanie Kelton and Randy Wray.

A US Economic Boom in 2018?

Not that it comes as a surprise, but talk of the US economy being in a boom is hype.

ECB Spawned Financial Dependency That’s Now Very Hard to Undo

The ECB is very eager to withdraw extraordinary support. But among others, a lot of weak banks are hooked on it.

More Power to the Workers: Seymour Melman on Extraction by the Military, Managers, and Finance

Why workers are the nexus of production and prosperity.

Chaos in Catalonia Hits Barcelona Housing Bubble

Barcelona wanted to take some air out of its property bubble. Will it wind up getting more than it bargained for?

Why Are Profit-Making Factories Closing Across England?

The curious case of England’s closing factories shows the need for industrial strategy to counter rampant short-termism.

Matt Stoller: “Monopoly is a Form of Lawlessness”

A high-level talk of the ebb and flow of monopoly power over the past century and what to do about them now.

Debunking Mainstream Economists on Secular Stagnation and the Loanable Funds Fallacy

An important, accessible takedown of the loanable funds theory, on which a ton of bad policy rests.

Larry Summers: Reagan’s Tax Plan Was Better Than Trump’s

Summers on inequality, the GOP tax plan, and US economic prospects.

Bill Black: DSGE Dilettantes v. ADM God Devotees

Black shows how DSGE defenses fall apart, even as their backers lash out at critics.

Why Stopping Tax “Reform” Won’t Stop Inequality

Inequality isn’t driven by taxes—it’s driven by the power of capital in relation to workers.

EU’s Michel Barnier Clears Throat to Tell the UK It Won’t Get a Special Deal…After God Knows How Many EU Leaders Have Already Said That

The EU is still making a lot of noise to get the UK to begin to hear things the EU has been saying since the morning after the Brexit vote.

Is The Oil Glut Set To Return?

EA gives a downbeat forecast for oil prices in 2018.