Abundance of Accelerationism: Democrat Rebrand Promises to Keep Foot on the Breakdown Gas
If Elon Musk were to really start his own political party, would that signal that the donor class no longer has any use for the Democrats?
Read more...Category Archives: Macroeconomic policy
Trump’s Self-Destructive Fight with the Fed for Low Interest Rates: His “Fiscal Dominance” Game of Chicken
Trump is fighting another war he can’t win: trying to use interest rates to counter the inflation created by his yawning fiscal deficits.
Read more...Why UK [and US] Governments Are Never Dependent on Financial Markets
As Mr. Market idelivers a big raspberry in response to Trump’s big beautiful bill, remember it won’t affect the ability to keep spending
Read more...Michael Hudson: The Collapse of America’s Economic Empire
Michael Hudson, expanding on his seminal work Super Imperialism, chroniciles the rise and in-process decline of US financial hegemony.
Read more...The Millionaire Exodus Myth
Millionaires are not fleeing countries to escape taxes.
Read more...Downgrading Uncle Sam, Not America
An orthodox economist describes inconsistencies in rating agencies’ approach to downgrading US debt and their view of reserve currency status
Read more...The Economic Consequences of the Second Trump Administration: A Preliminary Assessment
An overview of the economic impact of Trump’s second term flurry from some Serious Economists. They don’t find much to like.
Read more...Yanis Varoufakis: The Economics of Europe’s Descent into Warmongering
The long path that has led Europe to see big defense spending will be a lifeline, hence the need to stoke war fever.
Read more...Satyajit Das: A Fist Full of Dollars
Two recent books seem unduly complacent about the status of the dollar as reserve currency.
Read more...The Projected Death Count from Trump’s One Big Beautiful Bill
Researchers projects that “big beautiful bill” cuts to public health insurance coverage may lead to upwards of 51,000 deaths a year.
Read more...Trump’s ‘One Big Beautiful Bill’ Continues Assault on Obamacare
Rather than end Obamacare, which would be politically costly, the Trump Administration is working to hollow it out.
Read more...Tariff Turmoil and the Money Markets: Yet Another Rescue Coming
In Treasury markets, there are no libertarians, only grateful recipients of single-payer insurance for ailing financiers.
Read more...Musk Might Be Gone, But Watchdogs Warn Trump/DOGE Carnage Will Continue
“Musk’s departure ….does not actually change…. DOGE’s mission to destroy everything that protects the public from….rapacious oligarchs”
Read more...Ideology-Driven, Inflationary Trump Tax and Tariff Policies Losing War With Bond and Currency Markets
ump’s trade, tariffs and tax schemes are already starting to come apart. And he seems to have no Plan B.
Read more...Trump Smoke and Mirrors on Full Display in Claimed “$142 Billion” Saudi Arms Deal
A look at the workings and effectiveness of Trump hype, from the touted India-Pakistan mediation to DOGE to the new Saudi arms agreement.
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