Explaining Fiscal Multipliers, a Stealthy but Important Budget Battleground (Part 1)
Fiscal multipliers, an economic concept often misused to justify austerity, is rearing its head in Beltway budget debates. Time to bone up.
Read more...Category Archives: Macroeconomic policy
Study of 50 Years of Tax Cuts For Rich Confirms ‘Trickle Down’ Theory Is an Absolute Sham
Another nail in the trickle down economics coffin. Too bad that vampire-like, it keeps coming back.
Read more...Macroeconomics, Money (MMT Style) and Post-Brexit Recovery, All in One Twitter thread
Money, lending, government spending, QE….all explained in one tidy post!
Read more...Jamie Galbraith: How Jason Furman and Lawrence Summers Reinforce a Destructive, Debunked Mainstream Paradigm to Support Deficit Spending
To defend deficits, Furman and Summers relied on debunked theories, thus preserving destructive mainstream economic ideas.
Read more...Is It Time for a Debt Jubilee?
Steve Keen and Micheal Hudson provide a deep dive on a debt jubilee, and how it could be implemented in a Covid-afflicted economy.
Read more...Rana Foroohar and Mark Blyth on Democrats Trying to Please Too Many Money Masters at Once
The Democrats will soon decide which campaign promises will be ignored or walked back. Sandernistas, brace yourselves.
Read more...MMT and the EU: A Case for Capturing the Prevailing Narrative
A political economy take on the EU.
Read more...Nathan Tankus: What the Hell is Going On With CARES Act “Funds”?
Trying to make sense of CARES Act gimmickry.
Read more...Nick Corbishley: Bankruptcy Looms As Cash-Starved UK Local Councils’ High-Risk Real Estate Bets Sour
UK councils were already in trouble due to austerity, inflated charges for services, and mismanagement. Covid is set to generate bankruptcies
Read more...Matt Taibbi: A Dangerous Moment for the Democratic Party
Matt Taibbi describes why the Democrats are likely to draw all the wrong lessons from their shabby 2020 results.
Read more...Quick Comments on the Biden-Harris Covid Plan: Not Much Sizzle and No Steak
The Biden transition team has abandoned most of the Biden campaign Covid promises, particuarly the ones that cost money.
Read more...Is Fear of AOC Why Chuck Schumer Is Pumping a Non-Starter “Cancel Student Debt by Executive Order” Scheme?
It’s odd to see Democrats talking about a Biden “100 days” when Obama did nothing like that when he actually did have a mandate to do so that he ignored. Did they not get the memo that their blue wave didn’t hit the beach? It’s even odder to see Chuck Schumer affecting a Damascene conversion, […]
Read more...Jobs Picture Emerges of Weird Recovery to Historically Awful Level
Jobs not galore. And the target keeps moving.
Read more...Michael Hudson on Financialization and Deindustrialization
Michael Hudson on how Trump’s policies have not addressed the fundamental forces that gutted industrial jobs under the both parties
Read more...Don’t Look Down! Estimating the Depth of State Covid Budget Holes
The not-pretty picture of Covid impact on state and local governments.
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