Labour’s economists show their Third Way colors and advocate austerity-generating policy rules that might as well have been penned by former Treasury Secretary, later Citigroup vice chairman Bob Rubin.
Read more...Yves here. Lambert sent me a copy of the underlying paper on Brexit voting patterns a week ago, suggesting I write it up. I sat on it due to focusing on seemingly more pressing stories, plus being behind on administrativa due to travel. I’ve embedded the article at the end of this post. This finding […]
Read more...Why US Treasury bond issuance and Federal deficits are functionally not debt at all.
Read more...Michael Hudson explains why the new IMF bailout of Argentina will not end well.
Read more...The IMF is back in Argentina. The fund pretends that it’s moved away from borrower-punitive programs, but the evidence says otherwise.
Read more...Why the design of the Eurozone has produced right wing policies.
Read more...Job reallocation is an important determinant of productivity. This column uses US data to show that a decline in the degree of job reallocation in response to shocks is behind the overall fall in the rate of reallocation over the past decades.
Read more...A discussion of whether rising political pressure can produce needed economic and democratic reforms.
Read more...A case study in teaching modern money to a progressive who unknowingly has swallowed neoliberal economic ideas.
Read more...A discussion about the Bank of England raises questions about the role of central banks generally.
Read more...Why framing the political struggle in Italy as mainstream versus populist shifts focus away from the most important issue, Eurozone reform, where the battle is mercantilists versus Keynesians.
Read more...The Bank of England is being readied to print, as in deficit spend, in the face of a hard or crash out Brexit.
Read more...How “financial repression,” as in negative real interest rates, whacked Italy and boosted Spain.
Read more...The election of a right-wing, populist government in Italy exposes the economic and democratic shortcomings of the European project and its nationalist rivals.
Read more...How reforms by Argentina’s President Macri helped kick off a currency crisis.
Read more...