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: Free markets and their discontents
Legalise It: Prohibition’s Repeal and Its Unintended Impact on Public Health
How the US Prohibition remains widely misunderstood and why that matters.
Read more...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...Yanis Varoufakis: Draghi’s Outrageous Deployment of McKinsey, Europe’s Predicament, DiEM25’s Proposals
Yanis Varoufakis decries how McKinsey is undermining democracy in a putative first world country, a big step up from South Africa and Saudi Arabia.
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...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...Brazil’s Catastrophic Management of COVID-19 Threatens the Entire World
Bolosonaro is responsible for Brasil’s botched Covid response. But the consequences extent far beyond the country’s borders.
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...Why the U.S. Manufacturing Renaissance Is Essential for U.S. Survival
Maintaining and reviving manufacturing capacity in key insutries is vital to preserving jobs and ensuring U.S. survival.
Read more...Work in 2021: What Makes a “Good Job” Good?
Musing on the place of work in society.
Read more...Yes, Export Bans on Vaccines Are a Problem, But Why Is the Supply of Vaccines so Limited in the First Place?
Italy has blocked vaccine exports to Australia, which now must reconsider its opposition to proposed global solutions to unblock supply.
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...Economists’ Rx: “Sick? Stay Home!”
Economists endorse sick day mandates. Pass the word.
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