Google Postpones Employee Return till Mid 2021 as Office Buildings Remain Empty, Residential Delinquencies Soar
White collar workers staying away from the office does not bode well for confidence about getting Covid under control.
Read more...Category Archives: Macroeconomic policy
How Mitch McConnell’s Hostility to the Unemployment Supplement Puts Ordinary Americans’ Welfare at Risk
Republicans intend to shoot themselves and the economy in the head out of ideological rigidity by killing the unemployment supplement.
Read more...Covid-19 Economic Realities Sinking in as Denialism Wanes, Desperation Rises
Putting some ugly Covid-19 facts together.
Read more...While EU Leaders Squabble, The Elephant in the Room Remains Unnoticed
Why the EU Covid-19 rescue program is destined to be a sick joke.
Read more...Introducing *An Economic Program for American Democracy*
A 1938 economic manifesto makes modern day schemes look inadequate and unimaginative.
Read more...The European Union’s Fateful Choices for Recovery – An Italian Perspective
To fight COVID-19, the European Union must recognize that spending restraints have to go.
Read more...Covid-19 Bankruptcies Bleeding Out Jobs, Economic Capacity
Covid-19 bankrupties show how the disease is draining the economy.
Read more...Unemployment Claims Hit New Record: 32.9 Million State & Federal. Week 16 of U.S. Labor Market Collapse
The latest unemployment data calls into question the notion that anything more than a techical recovery is underway.
Read more...Beneath the Bluster, Boris Johnson’s ‘New Deal’ Offers Nothing New
Boris Johnson’s effort at a New Deal Big Lie goes splat.
Read more...The Federal Government Always Money-Finances Its Spending: A Restatement
An explanation of the mechanics of Federal spending, with emphasis on the role of the Fed and Treasury.
Read more...Yanis Varoufakis: Interview with Léa El Azzi on Capitalism After the Pandemic, Europe, Greece, Lebanon & the IMF
A discussion of the state of capitailsm, with a European/Lebanase slant.
Read more...Michael Hudson on Coronavirus and Debt Winners and Losers
Michael Hudson explains why debt cancellation and turning banks into utilities is the only sound response to the cornacrisis.
Read more...Some Basic Lessons for the Governor of the Bank of England, Who Seems to be in Dire Need of Them
The Governor of the Bank of England had a major “put foot in mouth and chew” episode.
Read more...Can the Aspen Institute’s Elite Economists Beat the Coronavirus Depression?
A careful look at a new set of rescue schemes devised by some Serious Economists. Honestly, even Larry Summers could do better than this.
Read more...The Bank of England Votes for More QE – But This Is a Road That Will Run Out
Yves here. Richard Murphy’s observations about QE hitting its limits are clearly relevant to the US. Sadly, things will have to get worse before ideas like a job guarantee or Green New Deal-type work schemes even get a hearing. By Richard Murphy, a chartered accountant and a political economist. He has been described by the Guardian […]
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