Category Archives: Macroeconomic policy

Scoring the $1.9 Trillion Stimulus Plan and Earlier Covid Relief Programs

How to do a better job of getting relief to those who need it.

Michael Hudson and Paul Craig Roberts: It Is Time To Remove The Debt Barrier To Economic Growth

Why it’s time for a widespread debt writedown.

New York City Lost a Record 631,000 Jobs to the Pandemic in 2020. So What’s Next?

A look at the raw numbers behind the pain of New York City’s biggest economic downturn since the Great Depression.

New Zealand’s Feeble Attempt to Curb Sky-High Housing Prices

New Zealand, awfully late in the game, is trying to Do Something about insane housing prices.

Nomi Prins: To Build or Not to Build? The Infrastructure Question

For all sorts of bad reasons, American has a huge infrastructure spending backlog. But can we even do the job well?

DSGE, the Standard Economic Paradigm, is Based on Bad Modeling

Why the New Keynesian Dynamic Stochastic General Equilibrium (DSGE) is a straightjacket for macroeconomics.

Pointless Pain Is What We’re Enduring. And All for the Sake of Accepting That Money is Not a Constraint on Our Potential, and Never Will Be

Defitic hysteria, UK style, and why misunderstanding what government money is about persists.

Bad Stimulus: Government Payments to Individuals Are a Terrible Way to Solve America’s Structural Economic Problems

Why the Biden stimulus program is fundamentally wrongheaded.

A Big Fiscal Push is Urgent, The Risk of Overheating Is Small

The $1.9 trillion fiscal stimulus should be large because the need is large.

“I’m Sorry,” Says Ro Khanna, “An Unelected Parliamentarian Does Not Get to Deprive 32 Million Americans the Wage Raise They Deserve.”

The Biden Administration proves it cares only about the donor classes by standing pat as its own $15 minimum wage proposal founders.

Eviction Moratorium Deemed Unconstitutional by Federal Judge in Texas

The Trump and Biden stimulus on the cheap, of having landlords support income-starved renters in lieu of subsidies, is now in trouble.

America Needs New Infrastructure to Survive, But Will Biden Deliver?

What will come of Biden’s grand infrastructure plans? And will they be as green as he promised?

Is the Post-COVID Boom Going to Bust?

Reading the tea leaves of the economy after Covid…..assuming an “after Covid”.

Yanis Varoufakis: Trumpism after Trump – NEWSWEEK Magazine, Interviewed by Basit Mahmood

Varoufakis believes Biden Administration fecklessness and love of austerity will strengthen the Trump faction.