How to Break Austerity-Induced Stagnation?
The costs of sticking with obviously failed austerity policies just keep rising.
Read more...Category Archives: Macroeconomic policy
Is Productivity Growth Becoming Irrelevant?
Measured GDP and gains in human welfare eventually may become entirely divorced.
Read more...The Real Cause of the Italian Bank Bailouts and Euro Banking Troubles
How a banking union has created deep divisions that undermine the Eurozone’s stability.
Read more...Debts That Cannot Be Paid Will Not Be
Capitalism is probably already insolvent.
Read more...Where Do Pro-Social Institutions Come From?
How Do Countries ’Get to Denmark‘?
Read more...Don Quijones: People Not Amused by EU Efforts to “De-Cash” their Lives
EU survey results show respondents overwhelmingly oppose proposals to impose an EU-wide cash ceiling that would throttle use of cash.
Read more...Inequality: How We Got Here, and What Should Be Done
More discussion of the causes of rising inequality and possible remedies.
Read more...BIS Warns on Household Debt
Credit booms tend to go hand in hand with a misallocation of resources – most notably towards the construction sector – and a slowdown in productivity growth, with long-lasting adverse effects on the real economy.
Read more...Yanis Varoufakis: Latest Eurogroup Statement Keeps Greece on the Austerity Rack
The Eurogroup doubles down on Greek debt extend and pretend, to its members political advantage and at great cost to Greek citizens.
Read more...The Fiscal Policy Experience Since the Great Recession
Why fiscal policy measures after the crisis were too weak.
Read more...Don Quijones: Shock Waves Spread from Spain’s New Banking Crisis
Market consequences of latest banking crisis in Spain, triggered by the collapse of housing prices that caused plunge Banco Popular shares to plunge.
Read more...Wolf Richter: Dear Fed, It’s Not “Really Hard to Spot Bubbles”
Here are some visual aids to help the Fed spot the housing bubble.
Read more...Don Quijones: Catalonia Threatens Spain with “Financial Bloodbath”
Yet another European debt/austerity-induced game of chicken, this one of Catalonia v. Spain.
Read more...Debt Relief or a Fourth Financial Assistance Program for Greece?
Greece continues to be broken on the rack of austerity. How far might the IMF’s insistence on reducing the pain level actually get?
Read more...Government Austerity Demands That We Die Within Our Means
Theresa May’s plans to intensify austerity are costing her votes. About time.
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