Category Archives: Economic fundamentals

The Coronavirus Crisis Within the Economy Is Far From Over – Because Reopening Creates a Whole New Type of Risk

Whither the post-Covid economy, assuming a “post-Covid”? The answer depends at least in part on where you sit.

Softer Monetary Policy Increases Inequality

Quelle suprise! Asset-goosing loose monetary policy helps the rich more than the poor even in egalitarian Denmark.

Covid Is Hitting Workers Differently Than the Financial Crisis

Unlike the Great Recession, the pandemic has hit women workers harder than men, as well as the job prospects of lower education workers.

Applications for New Businesses Have a Double-WTF Moment

Federal data says new businesses are being formed in droves. But PPP fraud complicates this otherwise positive picture.

How China Is Offering an Alternative to the IMF

China has been setting up currency swap lines with many countries. But is this an idea that is ahead of its time?

Inflation in the Aftermath of Wars and Pandemics

Challenging the conventional wisdom that government responses to Covid will generate inflation.

Michael Hudson: America’s Neoliberal Financialization Policy vs. China’s Industrial Socialism

Further discussion of the American and Chinese economic models, focusing on financialization as a central distinction.

Lessons from the First New Deal for the Next One

Whether it is called “Build Back Better” or a Green New Deal, it is imperative to reject the false dichotomy of “jobs against climate.”

UNCTAD’s Richard Kozul-Wright on the Post-COVID World Economy: Out of the Frying Pan… Into the Fire?

Kozul-Wright warns that for a sustainable Covid-19 recovery, it is key to abandon policies that concentrate economic power and wealth

Michael Hudson Asks Our Readers: If Democracy Winds Up Creating Financial Dominance, What Do We Call China?

Michael Hudson seeks reader input on what to call modern governments not run by traditional nobles or financial interests.

Why the Government Bonds Owned by the Bank of England Are Not a Debt Burden, Even When They’re Repaid

A short discussion of government bonds and what happens when a central bank holds them.

QE During the “Everything Mania”: Fed’s Assets at $7.7 Trillion, Up $3.5 Trillion in 13 months

Trying to make sense of what the Fed is up to.

The ‘Roaring Twenties’ and Covid Recovery: Revisiting the Evidence for Europe

Are the Roaring Twenties an analogue for what a post Covid economy would look like?