Category Archives: Macroeconomic policy

The Fed Sets Out to Kill the Economy to Save It

The Fed is trying to solve an economic problem that is largely outside its reach.

Manchin Takes Aim at Build Back Better, but His Real Focus is on West Virginia

What does Manchin want?

Understanding Inflation Risks in the US and the Euro Area

Fed-type models say US inflation will hang around. So the central bank will try to Do Something when it really can’t do much.

As Pressure Mounts, Biden Considers Extending Pause of Student Loan Payments

Biden is signaling he might retreat on resuming student debt payments. But is this simply a ploy in light of the BBB brick wall?

The Democrats Go Full Götterdämmerung as Manchin Makes DOA of BBB Official; Omicron Undermines Scapegoating the Unvaxxed

The Democrats may finally be getting their comeuppance.

Why Has the Press Ignored Retailers’ Crappy Black Fridays, as Experts Warn of Coming Bankruptcies?

The retail sector is staring to flash “Watch out below” warnings. How many store chains will be forced to retrench?

Michael Hudson on Truth Jihad Radio Discussing Super Imperialism, Rentierism, and the American Political Duopoly

Michael Hudson gives a wide-ranging talk, including American policy in the post-war era, how economics ignores debt, and class warfare.

Experts on Inflation: Prognosis, Political Fallout and Who’s Really to Blame

Some non-mainstream experts discuss inflation: what is driving it, how long it might persist, and what if anything the officialdom can do.

‘Manchin Is a F**king Snake’: Progressives Urged to Keep Pushing for Both Bills

Jayapal is “letting the president” handle Manchin after he says he won’t budge on the reconciliation package.

Bob Pollin: Stop Subsidizing Wall St., Start Subsidizing Workers for High Energy Costs

Bob Pollin: High oil prices and supply chain disruption are driving inflation, not workers’ modest wage increases or government debt.

Expectations Data Indicate the US Is Entering Recession About Now

Consumers are getting so rattled that they have set off recession warning lights.

Mzukisi Qobo: The Old Mantra About Growth Has Reached Exhaustion

A perspective from the Global South on the end game for growth.

‘This Is a Battle Between What People Need & What Money Wants.’ How’s That Going to End?

Class warfare, American style, is ever more obvious. But how much are ordinary people taking note?

Why Does Congress Fight Over Childcare But Not F-35s?

Details on why Congress is addicted handing out military pork as opposed to spending money on citizens’ needs.

Just Keeps Getting Worse: Services Trade Surplus, the American Dream-Not-Come-True, Worst in 10 Years. Imports Worst Ever. Trade Deficit Worst Ever

Repeat after me: trade deficits = exporting jobs. The latest results confirm how crappy US policies are.