Larry Summers’ Opposition to $2000 Covid Payments Confirms Our Classic: “Why Larry Summers Should Not Be Permitted to Run Anything More Important than a Dog Pound”
Larry Summers is at it again.
Read more...Category Archives: Economic fundamentals
Explaining Fiscal Multipliers, a Stealthy but Important Budget Battleground (Part 1)
Fiscal multipliers, an economic concept often misused to justify austerity, is rearing its head in Beltway budget debates. Time to bone up.
Read more...Why Are Shootings Up in New York City? We Asked Four People on the Front Lines
“Becaue Covid” may not fully explain the rise in shootings in New York and other big cities.
Read more...Who Loses Out From Covid-Induced Changes in Buying Patterns?
Why for some sectors of the economy, life after Covid may never be the same.
Read more...UK’s Covid and Brexit Siege
Fog on the Covid and Brexit fronts.
Read more...Brexit Event Horizon and Covid Mutation Deliver Lumps of Coal to UK for Christmas
“It’s always darkest before things go completely black.” That looks like a fit for Brexit.
Read more...How President Biden Can Fix our Trade Problem
Trump’s approach to trade largely failed because the problem can’t be solved by tariffs. Here’s the answer.
Read more...Brexit: End of the Line
Even with the EU giving as much Brexit time as it can, December 31 is coming.
Read more...Do Billionaires Destroy Democracy and Capitalism?
The US can draw on its Gilded Age to bring its billionaires to heel.
Read more...Study of 50 Years of Tax Cuts For Rich Confirms ‘Trickle Down’ Theory Is an Absolute Sham
Another nail in the trickle down economics coffin. Too bad that vampire-like, it keeps coming back.
Read more...Americans’ Hunger During the Coronavirus Pandemic – Here’s What’s Happening in Los Angeles County
More and more Americans are suffering from hunger due to Covid economic stress, as Los Angeles demonstrates.
Read more...Macroeconomics, Money (MMT Style) and Post-Brexit Recovery, All in One Twitter thread
Money, lending, government spending, QE….all explained in one tidy post!
Read more...It’s Time to Break Up Britain
The Tories’ shambolic, self-serving rule has stoked interest in Britain breakaways by Scotland and even Wales and the North. But are they viable?
Read more...Polarized Pandemic Response and Covid-19 Connectedness Across US States
US data shows that strict responses reduce Covid outbreaks, and less stringent (Republican) states spread disease to each other.
Read more...Jamie Galbraith: How Jason Furman and Lawrence Summers Reinforce a Destructive, Debunked Mainstream Paradigm to Support Deficit Spending
To defend deficits, Furman and Summers relied on debunked theories, thus preserving destructive mainstream economic ideas.
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