Category Archives: Macroeconomic policy

Secular Stagnation: Demand Is Indeed the Culprit

Economists’ bad medicine is a significant factor in our present stagnation.

STATEMENT: House Budget Committee, “Reexamining the economic costs of debt”, Nov 20, 2019

It is hard to imagine a scenario in which rising deficits and the debt ratio will create a financial crisis, lead to government insolvency, generate high inflation, or trigger an attack by bond vigilantes.

The Lords and Ladies of Discipline: An Interview with Matt Stoller

Matt Stoller explains how economics reinforces established power relations.

After the Argentina Debacle, the IMF Endorses Weakening Capital Controls in Ecuador

The IMF is backing a tax reform bill in Ecuador that will enable capital flight and further austerity.

Sweden Retreats from Negative Interest Rate Experiment

Sweden throws in the towel on its negative interest rate policy as inflation stays stubbornly low.

Bill Black: Lawrence O’Donnell Aims at Buttigieg, But Hits New Democrats

A takedown of the New Democrats’ love of austerity.

To Resolve the Economic & Environmental Crisis, Do Not Bank On the Private Sector

More political leaders are coming around to the idea of using government economic muscle to combat climate change. But will they act?

The Debt Delusion

A short take on John Week’s new book, The Debt Delusion, and why it matters.

J.D Alt: The People’s Money (Part 4)

Why a Green New Deal looks like it will create a money, as in spending, as in inflation problem. Rest assured, there is an answer….

What This Election Proves Is the Need for Epoch Making Change

The upcoming UK election will usher in major change. But will it be change that benefits ordinary people?

Financing a Global Green New Deal: System Change Needed

Discussion of a contested topic: How to pay for a Green New Deal.

The Stormy Birth of “Europe”

A review of major institutional and political developments that created modern Europe.