Category Archives: Macroeconomic policy

How America’s Covid-19 Rescues Look Set to Increase Inequality

Why the Covid-19 bailouts are coming at a high social cost.

8 Reasons Why Covid-19 Damage to the Economy Will Be Deep and Lasting

Why the economy is still mighty sick and won’t get much better any time soon.

The European Union Still Hasn’t Considered an Economic Proposal That Can Save It

The European Union has not reached a “Hamiltonian moment.” Its plans are too little, too late, hamstrung by institutional barriers to economic recovery.

Covid-19 Recessions: This Time It’s Really Different

Why Covid-19 damage will be lasting.

Michael Hudson: Fed’s $10 Trillion Defends Assets of the Rich

Michael Hudson gives a detailed, if sobering, account of the outlook for the economy.

EU Stimulus Fakery as Brexit Stumbles Forward

The news on the EU and UK fronts is less than promising. It looks good only compared to rampaging cops on this side of the pond.

Why New Infrastructure Is a National Imperative

Time to do something about America’s creaky infrastructure.

Heiner Flassbeck: The Euro Arrangement Is Faulty

Heiner Flassbeck shows it defies macroeconomic logic to promote surpluses for Germany, prohibit government deficits everywhere else and forbid the central bank from acting as the central bank of each Euro member.

Political Scientist Tom Ferguson on Big Money and Social Conflicts in the Covid-19 Era

An incisive take from the no-holds-barred Tom Ferguson.

What Are the Three Concurrent Crises of the Coronavirus Depression?

Past theories of crises and why they matter now.

If the Federal Government Won’t Fund the States’ Emergency Needs, There Is Another Solution

Some ways aroung the Federal government’s present refusal to do much for state and localities.

Yanis Varoufakis: Have Merkel & Macron Just Announced a Eurobond-Funded Godsend for the EU?

There’s not a lot of there there in a proposed EU rescue scheme.

Waiting for “Rooseveltian Relief”: An Oversimplified Framework for the Employment Situation

“Nothing fundamental will change.” –Joe Biden

The Eurozone in Crisis

The Eurozone, despite years of band-aids over gunshot wounds, has managed to soldier on. It may have finally met its match in the coronacrisis