What the Government Needs to Do Next to Tackle the Crisis
Jamie Galbraith describes what government needs to do to keep hospitals and the real economy functoning during the coronavirus crisis.
Read more...Category Archives: Economic fundamentals
Debt and Power: An Interview With Michael Hudson
Micheal Hudson explains how the ancient approach to managing debt is far superior to ours.
Read more...At Long Last the Government Can Borrow Straight From the Bank of England – As Modern Monetary Theory Has Always Suggested It Should
The UK embraces modern monetary theory….and perhaps hopes no one notices.
Read more...Bailout Shenanigans: Making 2008 Look Good?
The bailout bill looks shameless, even by Trump Administration standards.
Read more...UN Chief Warns of Coming Recession for the Planet
The UN feels compelled to weigh in on the less-than-sunny economic outlook.
Read more...The Coming Fiscal Crisis Of State And Local Governments
State and local governments will soon be in a world of hurt.
Read more...IMF Refuses Aid to Venezuela in the Midst of the Coronavirus Crisis
The IMF dons its enforcement brass knuckles.
Read more...Why Sending $1,000 Checks to Everyone Won’t Solve the Coronavirus Crisis (Updated)
Why the Republicans’ planned coronavirus bazooka isn’t big enough.
Read more...Debt and Financial Crises: Will History Repeat Itself?
Unhappy families may all be different, but financial crises are pretty much the same, rooted in debt overhangs, and one has been brewing.
Read more...Coronavirus Means Zero Hour for the European Union
Germany’s long-standing practice of muscling the European Union to serve its own ends now risks dissolution and a banking system crisis.
Read more...Brexit: The ‘Australian Option’?
Boris Johnson fancies that the UK’s future lies with the US. Good luck with that.
Read more...Why Sanctions Against Iran and Venezuela During a Pandemic Are Cruel
A moral and practical case against continuing economic sanctions during the coronavirus pandemic.
Read more...Social Insurance in a Time of Pandemic: A Proposal for the Government to Act as Buyer of Last Resort
It’s not hard operationally for the government to counter economic fallout from the pandemic. The hard part is ideological baggage.
Read more...The Fed Backfires: Shock and Awe Rate Drop to 0%, Emergency Bond Buying Program Leads to Limit Down Drops in US Equity Futures as Real World Coronavirus Damage Worsens
The Fed just told everyone to assume the brace position.
Read more...How the COVID-19 Shock Is Different
Looking at COIVD-19 impacts.
Read more...