Does France Have an “Exorbitant Privilege”?
Why exorbitant privilege may not necessarily result from having the reserve currency, but instead from the tax games multinationals play.
Read more...Category Archives: Economic fundamentals
Herd Behaviour in Asset Markets: The Role of Monetary Policy
Data supports the idea that lax monetary policy contributes to bubbles. Yes, Virginia, some regard that claim as controversial.
Read more...Long Term Real Interest Rates Fell Below Zero in all Euro Area Countries
Is praise of negative real interest rates in Europe making a virtue out of (mis)perceived necessity?
Read more...Bad Debts Make Good Profits – But What Are the Social Costs?
As European borrowers choke on debts they can’t repay, due to a significant degree to austerity-induced weak economies, financial profiteers swoop in to take advantage of the distress.
Read more...What Gandhi Believed Is the Purpose of a Corporation
Gandhi had a well-developed view on corporate goverance and influenced business leaders.
Read more...Secular Stagnation: The Limits of Conventional Wisdom
The debate over secular stagnation continues, yet orthodox economists are loath to admit that the needed fix is more demand, which means more government spending.
Read more...Rural Hospital Closings Reach Crisis Stage, Leaving Millions Without Nearby Health Care
How rural hospital closures have serious knock-on effects.
Read more...The Cost/Benefit Analysis of No Deal
Looking at the contours of a No Deal Brexit.
Read more...Michael Hudson: Asset-Price Inflation and Rent Seeking
A meaty new paper by Michael Hudson.
Read more...Brexit: Past the Event Horizon
Slouching towards Brexit.
Read more...Why Degrowth Is the Only Responsible Way Forward
Why degrowth is necessary and potentially attractive.
Read more...The Financial Times’ Martin Wolf Discovers that Rentier Capitalism and Financialization Increase Inequality and Hurt Growth
Martin Wolf has a big think about what is wrong in and discovers rentier activity.
Read more...Brexit: A Repeat of the Turmoil of 1914-1922?
What do critical chapters of British-Irish history augur for Brexit?
Read more...Drama in the Oil Markets After Attacks on Saudi Production. But This Isn’t 2007 Anymore
How the shale boom made the US less vulnerable to oil supply shocks.
Read more...Keynes Was Really a Conservative
“The class war,” said Keynes, “will find me on the side of the educated bourgeoisie.”
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