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.
Read more...Category Archives: Macroeconomic policy
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?
Read more...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
Read more...Pandemic Divergence: The Social and Economic Costs of Covid-19
An early stab at a Covid ledger. Not pretty.
Read more...Michael Hudson & Jonathan Wilson-Hartgrove: Imagining An End to Poverty and Economic Dependence
Michael Hudson and Jonathan Wilson-Hargrove of the Poor People’s Campaign discuss Biden “reforms” and the (mis)use of religion in economic justice.
Read more...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.
Read more...Clarification of Spending/Inflation Constraints According to Modern Monetary Theory
Economists go on tilt with the supposed profligate implications of Modern Monetary Theory. But there are many ways to check demand.
Read more...Mark Blyth – An Inflated Fear of Inflation?
Mark Blyth explains why inflation in the U.S., Canada, & E.U. is highly unlikely: a room for more government spending and higher wages.
Read more...How Dodgy Government Accounting Fueled Rapid Rise of Federal Student Loans
Why the student loan mess is even worse than you thought.
Read more...The Voice of Monetary Policy
A positive voice tone can lead to higher share prices and decreases in volatility, highlighting the importance of voice control for central bank communication.
Read more...The Coronavirus Crisis Within the Economy Is Far From Over – Because Reopening Creates a Whole New Type of Risk
Whither the post-Covid economy, assuming a “post-Covid”? The answer depends at least in part on where you sit.
Read more...Applications for New Businesses Have a Double-WTF Moment
Federal data says new businesses are being formed in droves. But PPP fraud complicates this otherwise positive picture.
Read more...Inflation in the Aftermath of Wars and Pandemics
Challenging the conventional wisdom that government responses to Covid will generate inflation.
Read more...Lessons from the First New Deal for the Next One
Whether it is called “Build Back Better” or a Green New Deal, it is imperative to reject the false dichotomy of “jobs against climate.”
Read more...UNCTAD’s Richard Kozul-Wright on the Post-COVID World Economy: Out of the Frying Pan… Into the Fire?
Kozul-Wright warns that for a sustainable Covid-19 recovery, it is key to abandon policies that concentrate economic power and wealth
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