The US economy, and by extension the world economy, is desperately waiting for the spring escape velocity to finally kick in. But the latest world trade statistics say it’s not happening.
Read more...Yves here. If you live in an advanced economy, and are at least middle income, you probably don’t give much thought to the availability of food. Expect that to change in the coming years. Agribusiness is a major driver of food insecurity. Successful experiments show that relocalization of food production can be an effective remedy.
Read more...Student loans are a millstone that is crushing college educated young adults, and with them, key parts of the economy.
Read more...On the economic and political origins of America’s stealth imperialism and military Keynesianism, as opposed to Keynes’ original version.
Read more...Russia and China, along with other developing economies, are exploring ways to create an Eurasian alliance to go toe-to-toe with the US economic hegemony.
Read more...Thomas Piketty’s views on inflation and interest rates are decidedly un-Keynesian and wrong to boot.
Read more...MMT argues that “taxes drive money” in the sense that imposition of a tax that is payable in the national government’s own currency will create demand for that currency. Sovereign government does not really need revenue in its own currency in order to spend.
Read more...The third industrial revolution is long in tooth. What does that portend for investments and the economy?
Read more...High levels of un- and underemployment among the young are undermining their mental health. And the damage might be lasting.
Read more...Michael Hudson discusses the economic and political motives behind making Ukraine a focal point in a new cold war, such as the fact that the Ukraine is an important supplier of military equipment to Russia.
Read more...Why the much-envied position of being a chronic exporter isn’t quite a bed of roses.
Read more...Understanding the odds and possible impact of forecasting error should be a important element of policy design. But it isn’t!
Read more...How America’ s abject fealty to the financial services industry, and its promotion of open capital markets in emerging economies, privatization and its tolerance of tax havens, have destroyed US credibility in Eastern Europe.
Read more...Yves here. On the occasion of an all-time high, a hard look at how the Dow Jones Industrial Average is constituted is in order.
Read more...Quantitative easing has been a controversial policy even among the financiers who benefitted from it.
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