The Full Case Against Ultra Low and Negative Interest Rates
Why unprecedentedly low and negative nterest rates will probably not stimulate demand and may even threaten financial stability.
Read more...Category Archives: Economic fundamentals
Michael Hudson and Paul Craig Roberts: It Is Time To Remove The Debt Barrier To Economic Growth
Why it’s time for a widespread debt writedown.
Read more...The Long Term Damage of Economic Downturns
As the well off sail on, either unaffected by or profiting from Covid’s impact, for many, the economic damage is severe and lasting.
Read more...New York City Lost a Record 631,000 Jobs to the Pandemic in 2020. So What’s Next?
A look at the raw numbers behind the pain of New York City’s biggest economic downturn since the Great Depression.
Read more...Biden Stimulus Plan Shores Up Weakest Multi-Employer Pension Plans Rather than Taking on Private Equity Abuses
A Biden rescue of the sickest private pension plans goes largely under the radar.
Read more...New Zealand’s Feeble Attempt to Curb Sky-High Housing Prices
New Zealand, awfully late in the game, is trying to Do Something about insane housing prices.
Read more...Nomi Prins: To Build or Not to Build? The Infrastructure Question
For all sorts of bad reasons, American has a huge infrastructure spending backlog. But can we even do the job well?
Read more...The Productivity of Working from Home: Evidence from Japan
A new study confirms others in concluding that productivity is lower when normally office-based employees work from home.
Read more...Failed COVID Strategy Leaves Sweden Deeply Divided
Sweden became a symbol for anti-lockdown and no-mask movements across the world. But it’s no longer a source of consensus at home.
Read more...Wolf Richter: Signs Are Everywhere: Businesses Have Changed Permanently as a Result of the Pandemic
The pandemic has caused many shifts in how businesses operate: permanent and many are positives and should have happened a long time ago.
Read more...DSGE, the Standard Economic Paradigm, is Based on Bad Modeling
Why the New Keynesian Dynamic Stochastic General Equilibrium (DSGE) is a straightjacket for macroeconomics.
Read more...Pointless Pain Is What We’re Enduring. And All for the Sake of Accepting That Money is Not a Constraint on Our Potential, and Never Will Be
Defitic hysteria, UK style, and why misunderstanding what government money is about persists.
Read more...The Jobs Recovery, Compared to the “Good Times” Trend
February confirms: V-shaped jobs recovery petered out in October about two-thirds into it.
Read more...Economists’ Rx: “Sick? Stay Home!”
Economists endorse sick day mandates. Pass the word.
Read more...Covid Baby Bust Has Governments Rattled
A falloff in baby production has capitalists very worried.
Read more...