Don’t Look Down! Estimating the Depth of State Covid Budget Holes
The not-pretty picture of Covid impact on state and local governments.
Read more...Category Archives: Macroeconomic policy
Trump Shoots His Campaign in the Head
Trump is back to his usual self-destructive form.
Read more...Macro N Cheese – Debt Deflation and the Neofeudal Empire with Michael Hudson
Another tour de force by Michael Hudson, this one stressing the role of unproductive real estate in modern debt bondage and Trump’s MMT.
Read more...Coronavirus Economic Distress Hitting Indebted Professionals
Coronavirus damage is working its way up the economic food chain and is now hitting professionals in a meaninful way.
Read more...Demonizing Socialism and “Macroeconomic Populism”: Myths of Soft Budget Constraints
Some econmists have criticized industrial policy as zombie-crearting “macroeconomic populism.” Evidence indicates otherwise.
Read more...Wolf Richter: Unemployment Crisis Going in Wrong Direction: Week 25 of U.S. Labor Market Collapse
Unemployment claims continue to increase, with nearly 20% collecting unemployment insurance. even according to the stringent claims criteria.
Read more...How US Consumers Use Their Stimulus Payments
Contrary to right wing beliefs, giving citizens stimulus payments didn’t lead them to loaf.
Read more...More Giveaways to Capitalist Finance? It’s High Time To Change the Objective
Jan Kregel explains the fundamental problem with the economic system is its focus on providing finance to investors.
Read more...Delayed Second Stimulus Already Leading to Cuts in Grocery Store Spending
Hunger is on the rise. Grocery store operators see weaker spending now that the $600/week unemployment supplements are gone.
Read more...Tom Ferguson: Biden Blurring Almost Everything
Political scientist Tom Ferguson juxtaposes the factions around Biden with how Roosevelt eventually stared down banks and corporatists in the second phase of the New Deal
Read more...You Know In Your Heart That the Day of Real Resistance Is Coming
First demonstrations across the US, now a guillotine in front of Jeff Bezos’ house. Is this more #Resistance or a system-breaking resistance?
Read more...Fiscal Austerity and the Rise of the Nazis
Local economic data and election results in Weimar Germany shows that more acute austerity led to more Nazi support.
Read more...Grim Future of Cities: State’s Growing Budget Hole Threatens New York City Jobs, Services
The New York City budget hole is getting bigger. How much of a harbinger is this for other US cities?
Read more...Stimulus Talks on Verge of Failure as Both Sides Trade Blame
No news on the stimulus front is very very bad news.
Read more...Washington Going Full Andrew Mellon as Stimulus Talks Drag, Inadequate Support Guaranteed
An inadequate second stimulus is guaranteed. The only question is “how inadequate”?
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