Category Archives: Macroeconomic policy

Why the Rich Get Richer and Interest Rates Go Down

A wrongheaded paper from the Jackson Hole conference that depends on the loanble funds fallacy lets central bankers off the hook.

A Half Century Since The Beginning Of The End Of The Post WW II Economic Order

Marking the 50th anniversary of the end of the Bretton Woods economic system.

Central Banks Must Address Pandemic Challenges

Central banks in developing countries must use monetary policy to enhance fiscal space and support relief, recovery and transformation.

Consumer Inflation Rises…Will It Draw the Fed’s Attention?

Inflation is hitting a few important sectors very hard. The Fed isn’t set up to contend with this problem, but will it try anyhow?

Why the Neoliberal Drive to Privatize Everything Is Running Out of Gas

A look at the current acceptance of neoliberal policies.

Bob Pollin: Modest Inflation Is Good for Workers

If inflation is linked to higher wages, that’s not bad for workers, says Bob Pollin of the Political Economy Research Institute in Amherst.

What if Large Businesses Are Really Macroeconomic Entities?

Mega businesses are a huuge problem. But what to do?

Larry Summers Doubles Down On His Inflation Prediction

Unfortunately, Larry Summers still gets attention, most recently for inflation hawkery. Fortunately, it’s not hard to see through him.

Slack in the Economy, Not Inflation, Should Be Bigger Worry

Despite fear-mongering about inflation, unemployment remains elevated and stimulus is needed to prevent a collapse in demand.

War as the Enemy of Reform: Biden’s Dilemma or His Excuse?

How much is keeping the US on a war footing really constraining Biden on the domestic front?

Michael Hudson on American as Absentee Landlord on The Greyzone: Biden Administration, New Cold War, Super Imperialism, Dollar Weaponization

Michael Hudson discusses geopolitics including currency power plays, global institutions like the IMF, the new Cold War, and Bill Gates

Pandemic Divergence: The Social and Economic Costs of Covid-19

An early stab at a Covid ledger. Not pretty.

Modern Infectious Diseases: Macroeconomic Impacts and Policy Responses

Preventive policies, containment strategies, and early responses are more efficient, cost-effective, and manageable than combatting a full-scale infectious pandemic outbreak.