MMT and the EU: A Case for Capturing the Prevailing Narrative
A political economy take on the EU.
Read more...Category Archives: Macroeconomic policy
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.
Read more...Trump Shoots His Campaign in the Head
Trump is back to his usual self-destructive form.
Read more...Macro N Cheese – Debt Deflation and the Neofeudal Empire with Michael Hudson
Another tour de force by Michael Hudson, this one stressing the role of unproductive real estate in modern debt bondage and Trump’s MMT.
Read more...Coronavirus Economic Distress Hitting Indebted Professionals
Coronavirus damage is working its way up the economic food chain and is now hitting professionals in a meaninful way.
Read more...Demonizing Socialism and “Macroeconomic Populism”: Myths of Soft Budget Constraints
Some econmists have criticized industrial policy as zombie-crearting “macroeconomic populism.” Evidence indicates otherwise.
Read more...Wolf Richter: Unemployment Crisis Going in Wrong Direction: Week 25 of U.S. Labor Market Collapse
Unemployment claims continue to increase, with nearly 20% collecting unemployment insurance. even according to the stringent claims criteria.
Read more...How US Consumers Use Their Stimulus Payments
Contrary to right wing beliefs, giving citizens stimulus payments didn’t lead them to loaf.
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