Category Archives: Economic fundamentals

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.

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.

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.

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?

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.

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.

DSGE, the Standard Economic Paradigm, is Based on Bad Modeling

Why the New Keynesian Dynamic Stochastic General Equilibrium (DSGE) is a straightjacket for macroeconomics.

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.

The Jobs Recovery, Compared to the “Good Times” Trend

February confirms: V-shaped jobs recovery petered out in October about two-thirds into it.

Economists’ Rx: “Sick? Stay Home!”

Economists endorse sick day mandates. Pass the word.

Covid Baby Bust Has Governments Rattled

A falloff in baby production has capitalists very worried.

RIP Gold. Killed by Bitcoin

Inflationistas have abandoned gold and moved on to a new fetish.

A Big Fiscal Push is Urgent, The Risk of Overheating Is Small

The $1.9 trillion fiscal stimulus should be large because the need is large.