Category Archives: Macroeconomic policy

What Can Sanders Do as Budget Chair? – Rob Johnson

Sanders is about to have considerable influence on spending priorities. Where and how does he have leverage?

Rise of the Superstar Firms: Taking Oligopoly Seriously in Macroeconomics

Quelle surprise! Only now that EU and US officials are up in arms about monopolies are macroeconomics pros taking it seriously.

The American Rescue Act: Do Whatever It Takes

The economy is likely to be crippled for months and fiscal rescue on a large scale, once again, is very much necessary.

A Hard Look at Rent and Rent Seeking with Michael Hudson & Pepe Escobar

An in-depth discussion of financial capitalism versus earlier models and the Chinese and Russian approach, with a focus on the role of rent.

Polarization, Then a Crash: Michael Hudson on the Rentier Economy

Michael Hudson discusses the chokehold of pro-finance, pro-rentier capitalism reaching into the present COVID-19 crisis.

Larry Summers’ Opposition to $2000 Covid Payments Confirms Our Classic: “Why Larry Summers Should Not Be Permitted to Run Anything More Important than a Dog Pound”

Larry Summers is at it again.

Explaining Fiscal Multipliers, a Stealthy but Important Budget Battleground (Part 1)

Fiscal multipliers, an economic concept often misused to justify austerity, is rearing its head in Beltway budget debates. Time to bone up.

Study of 50 Years of Tax Cuts For Rich Confirms ‘Trickle Down’ Theory Is an Absolute Sham

Another nail in the trickle down economics coffin. Too bad that vampire-like, it keeps coming back.

Macroeconomics, Money (MMT Style) and Post-Brexit Recovery, All in One Twitter thread

Money, lending, government spending, QE….all explained in one tidy post!

Jamie Galbraith: How Jason Furman and Lawrence Summers Reinforce a Destructive, Debunked Mainstream Paradigm to Support Deficit Spending

To defend deficits, Furman and Summers relied on debunked theories, thus preserving destructive mainstream economic ideas.

Is It Time for a Debt Jubilee?

Steve Keen and Micheal Hudson provide a deep dive on a debt jubilee, and how it could be implemented in a Covid-afflicted economy.

Rana Foroohar and Mark Blyth on Democrats Trying to Please Too Many Money Masters at Once

The Democrats will soon decide which campaign promises will be ignored or walked back. Sandernistas, brace yourselves.

MMT and the EU: A Case for Capturing the Prevailing Narrative

A political economy take on the EU.

Nathan Tankus: What the Hell is Going On With CARES Act “Funds”?

Trying to make sense of CARES Act gimmickry.