Category Archives: Macroeconomic policy

Sunak Has Been Set Up To Fail and the Likelihood Is That He Will

Rishi Sunak has a Mission Impossible even before getting to his bad impulses. Most countries in the West face the same long list of problems

In Just 44 Days, Liz Truss Has Made the UK Immeasurably Worse

Truss’ legacy will be one of a tanking pound, soaring inflation, and a seemingly inevitably recession.

Wheels Come Off for Tories. Update: Truss Resigns

The Tories, who not long ago seemed poised to permanently cripple Labour, are now in a remarkable crisis with no ready exit.

Central Bank Myths Drag Down World Economy

Central bank dogma over inflation is pushing the world economy into recession, with many dire consequences for poorer countries.

Brexit Britain Is All Alone in a Senseless Pursuit of Disaster Capitalism

As other nations return to state-led investment, Truss and Kwarteng act to weaken the democracy, economy and rights of Britain.

Satyajit Das: The Financial Party Is Coming to an Abrupt End

There seems to be no escape from looming economic and financial problems, but the officialdom will do it best to delay the reckoning.

Why Black Wednesday Still Matters – It Was the Start of Markets Telling Politicians What to Do

Alexis Stenfors assesses the importance of Black Wednesday as a juncture in the history of central banks. By showing they could beat the Bank of England, traders changed the entire power relationship.

The Inflation Reduction Act (IRA): A Brief Assessment

The Inflation Reduction Act does almost nothing to address inflation and will have only modest effects on energy transition in the USA.

Congressional Sausagemaking, or How Inflation Reduction Became Fossil Fuel Export Promotion

How Manchin and Sinema got dirty energy goodies and financier breaks into the Inflation Reduction Act.

Michael Hudson on Student Debt Relief, Inflation, Ukraine Disaster Capitalism, Petrodollar Challenge

Michael Hudson gives a newswap with Ben Norton: student debt forgiveness, inflation, Ukraine, dollar rows, and the death of the Queen

6 Economic Experts Reveal the Truth About the Inflation Reduction Act

Is the Inflation Reduction Act good for your wallet? A climate bill in disguise? Landmark action or nothingburger?

Will the Inflation Reduction Act Actually Reduce Inflation? How Will the Corporate Minimum Tax work? An Economist Has Answers

A look at some of the tax and tax collection changes in the Inflation Reduction Act.

Memo to China: You Look Silly When You Threaten to Dump Treasuries

If China intends to cov the West, it needs to pick things it could do that would incur real damage. Selling Treasuries it not that.

Recession Mongers Shocked & Horrified by This Surge in Employment

Perversely, investors want a recession to force the Fed to pivot. But it’s tough to have an official recession with employment growing.