Category Archives: Macroeconomic policy

Grim Future of Cities: State’s Growing Budget Hole Threatens New York City Jobs, Services

The New York City budget hole is getting bigger. How much of a harbinger is this for other US cities?

Stimulus Talks on Verge of Failure as Both Sides Trade Blame

No news on the stimulus front is very very bad news.

Washington Going Full Andrew Mellon as Stimulus Talks Drag, Inadequate Support Guaranteed

An inadequate second stimulus is guaranteed. The only question is “how inadequate”?

Yanis Varoufakis: Why Bitcoin Is Not a Socialist’s Ally – Reply to Ben Arc

Debunking some major misperceptions about potential roles for Bitcoin and blockchain.

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.

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.

Covid-19 Economic Realities Sinking in as Denialism Wanes, Desperation Rises

Putting some ugly Covid-19 facts together.

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.

Introducing An Economic Program for American Democracy

A 1938 economic manifesto makes modern day schemes look inadequate and unimaginative.

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.

Covid-19 Bankruptcies Bleeding Out Jobs, Economic Capacity

Covid-19 bankrupties show how the disease is draining the economy.

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.

Beneath the Bluster, Boris Johnson’s ‘New Deal’ Offers Nothing New

Boris Johnson’s effort at a New Deal Big Lie goes splat.

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.

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.