Austerity in One Country: The Case of Britain
A devastating review of the recent history of austerity in the UK.
Read more...Category Archives: Economic fundamentals
Struggling but Stuck in Rural America
The Wall Street Journal describes why it’s so hard to escape struggling rural towns. Too bad its readers will hear none of it.
Read more...Why Tax Cuts for the Rich Solve Nothing
An update on Republican tax cut plans, and why they are economic chicanery.
Read more...Renegotiating NAFTA: The Role of Global Supply Chains
Unfortunately, redoing NAFTA in a way that benefits US workers is not a trivial task.
Read more...The Two Capitalisms: Electric Batteries as a Case Study in US Magical Thinking vs. Chinese Vertical Integration
Electric vehicle batteries illustrate how the Chinese use control of raw materials and end markets to built vertically integrated industries.
Read more...The US Antitrust Counter-Revolution
In case you doubted it, diminished antitrust enforcement, a rise in monopolies, and increased inequality are related developments.
Read more...How “Use of Machinery” Promotes Inequality and Social Upheaval
A prescient take from the 1840s on “machinery” versus labor and communities.
Read more...Matt Bruenig: Nordic Socialism Is Realer Than You Think
Yes, Virginia, Nordic countries really are socialist success stories.
Read more...Lack of Hope in America: The High Costs of Being Poor in a Rich Land
Tying the loss of economic mobility to the loss of hope and personal despair.
Read more...Food, the UK and Brexit: An Even Messier Reprise of Corn Laws Politics?
Surprisingly, or maybe not so, food is emerging as a flash point in Brexit politics.
Read more...Trilemmas and Financial Instability
Examining national policy tradeoffs in a world of perhaps too much in the way of free and easy international money movements.
Read more...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...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…
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