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.
Read more...Category Archives: Macroeconomic policy
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.
Read more...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
Read more...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?
Read more...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.
Read more...The IRA Drug Price ‘Victory’
A high-level description of the empty bag known as the Inflation Reduction Act’s drug price controls.
Read more...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.
Read more...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.
Read more...The Rise and Fall of France’s 35-Hour Workweek
France’s 35-hour workweek illustrates the need to confront business power to make good on the promise of working time reduction.
Read more...Experiments with a Four-Day Workweek
Workers around the world are experimenting with a four-day week, and their efforts illustrate the promise of shorter working time.
Read more...Some Quick Thoughts About Russia’s Resilience and America’s Malaise
Seeking reader input on preliminary hypotheses on why Russia is faring better than expected under the sanctions while the US is suffering.
Read more...Michael Hudson: A Depression Is Coming
Economist Michael Hudson explains the inflation crisis and warns a “long depression” is coming, due to the new cold war on Russia and China.
Read more...What Is Really Causing Our Inflation: “Inflation in a Time of Corona and War”
Finally! Evidence-based answers to the main (policy) questions concerning the return of high inflation.
Read more...Inflation Freakout and Possible Fed Overshoot
There’s a lot of nattering about inflation and not enough insight.
Read more...James Galbraith: The Dollar System in a Multi-Polar World
On the rise and decline of the dollar system.
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