The failure to use fiscal policy in tandem with monetary policy means that the timid and short-sighted private sector has lacked confidence to ratchet up investment in productive, income-generating activity – as opposed to speculative activity.
Read more...The Clinton campaign is too obviously interested in its success over that of the nation. And despite the Sanders surge, it still believes in its inevitability.
Read more...Yves here. Sometimes it is best to let things speak for themselves. In that spirit, I am embedding a very important paper by the well-respected investment management firm GMO which debunks the tenets of “sound finance,” meaning the claim that governments need to balance their budgets. I expect to be referring to it regularly, particularly […]
Read more...Why economic failures argue for the need for more democratic control over policy, or at least the ability to cut the power of institutions that get it wrong.
Read more...How the struggle over who controls the commons, the monied classes or a broader group of citizens, reveals the fundamental contradictions of capitalism.
Read more...The fundamental contradictions of neoliberal capitalism are pushing it to the breaking point.
Read more...Larry Summers, acting as a proxy for Team Clinton, attacked Sanders’ reform proposals, particularly the an updated Glass Steagall. Her’s why Summers is wrong.
Read more...Although the case study is the UK, this post is yet another example of how counterproductive austerity is, from both an economic and a social perspective.
Read more...How the Koch Brothers are using educational purchases, um, donations, to make cultural norms even more business-friendly.
Read more...Germany is very upset that Poland has voted in a populist, Euroskeptic, anti-austerity government. And Germany is particularly unhappy that the new regime is increasing its control over public media….which Germany already has in place.
Read more...A new article makes a devastating attack on a fundamental belief driving Eurozone policy, that the member economies need to be made more “competitive,” meaning labor needs to be squeezed, for the currency union to achieve more growth.
Read more...China appears to be in denial that it can’t have more open financial markets and maintain the same degree of control over the economy that it once enjoyed.
Read more...How the Doomsday book,and the unit of assessment called the “hide,” suggest that medieval laborers had very civilized work weeks.
Read more...The TTIP could jeopardize the ability of the European Union and the United States to put in place the proper regulations to meet climate targets.
Read more...A list of some of the factors driving the recent market upheaval in China. Readers will hopefully add to and refine this compilation.
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