Category Archives: Macroeconomic policy

Inflation Freakout and Possible Fed Overshoot

There’s a lot of nattering about inflation and not enough insight.

James Galbraith: The Dollar System in a Multi-Polar World

On the rise and decline of the dollar system.

Trade’s Resilience to COVID-19

Future resilience requires smart diversification and exploitation of working-from-home production.

Sri Lanka Economic Crisis Inflicted by Self-Serving Elite

How the Sri Lanka debt crisis was decades in the making.

The IMF Connection with the Ukraine Crisis

You can’t quite say the IMF is the root of all evil. But it sure made a lot of bad situations worse.

Corporate Legacy Debt, Inflation, and the Efficacy of Monetary Policy

Why high levels of corporate debt can make monetrary tightening less effective in controlling inflation.

Inflation Targeting Constrains Development

The rich have influenced most developing countries to prioritize inflation targeting in monetary policy instead of adopting bolder economic policies for growth, jobs and sustainable development.

Inflation Targeting Voodoo

Why central bank fixation with inflation targeting is dodgy to detrimental.

Global Financial Risk Factors and Sovereign Risk

An increase in global financial risk causes a large and persistent widening of sovereign spreads, with the spillover effects especially pronounced for speculative-grade sovereign debt

Resource Limits to American Capitalism & The Predator State Today

James K. Galbraith discusses the shift of the US from industrialism to his so-called predator state: finance-led, military-centered corporatism

Resist Inflation Phobia Coup

Efforts to cure inflation, at least for poorer countries, will prove to be more damaging than the disease.

New Report: Monetary Policy Without Interest Rate Hikes

A fresh report lead authored by Nathan Tankus takes on orthodoxy monetary policy ideas and provides Modern Monetary Theory solutions.

IMF Surcharges: A Lose-Lose Policy for Global Recovery

The IMF seems unable to drop its punitive, self and “client” destructive habits.

Inflation Paranoia Threatens Recovery

Inflation hawks are winning. A ‘beggar thyself’ race to raise interest rates has begun. But this response slows economic growth.

‘No More Hiding’: Sanders Says Make GOP Vote on Popular Policies

Sanders: “The American people have a right to know where their senators stand on the most important issues impacting their lives.”