Category Archives: Macroeconomic policy

Is There Deflation or Inflation in Our Future?

We don’t have a recovery in sight, but some economists are already worried about inflation.

‘No Warming, No War’: Report Details How US Militarism and Climate Crisis Are Deeply Interwoven

“In the face of both COVID-19 and the climate crisis, we urgently need to shift from a culture of war to a culture of care.”

Mitch McConnell to State Pension Funds: Drop Dead

Prominent Republicans are threatening to gore the public pension fund ox.

Mark Blyth and Jeffrey Sommers: Austerity – A Dangerous Idea Returns

Why more austerity is one of the worst possible responses to the pandemic….yet the US is seeing even more of it.

The Federal Reserve’s Coronavirus Crisis Actions, Explained (Part 5)

Muni purchases are finally here

The Use and Abuse of MMT

Using government spending power to bail out financiers and rentiers makes a travesty of MMT.

Last Chance to Save the Euro?

The actions taken so far to salvage the single-currency union expose its fatal flaws. The last bout of stress will be a test to destruction if fundamental changes aren’t made.

Angela Merkel Urged To Put European Solidarity Over German Interests and Back Coronabonds

Angela Merkel is under pressure to abandon her long-standing “Germany first” policy towards the EU. Will she finally relent?

How to Pay for the Pandemic War

Government responsese to the pandemic are making a hash of one of the comparatively easy issues.

The FT Says It’s Time for the Bank of England to Start Direct Funding of the Government: Modern Monetary Theory Has Won the Day

Modern Monetary Theory has a new convert. Too bad Americans are behind the curve.

The EU’s Green Deal: Bismarck’s ‘What Is Possible’ versus Thunberg’s ‘What Is Imperative’ in the Age of Covid-19

A detailed look at the Green Deal: bold goals, with a shortage of money, transition plans, and social democracy.

The Coronavirus Depression Requires A New Approach to Budgeting

Coronavirus spending illustrates the foolishness of legislators believing their own numbers.

Tax Justice and Modern Monetary Theory – A Guide

Does Modern Monetary Theory take tax justice for granted?

The Coronavirus Stimulus Bill Is a $2 Trillion Slush Fund for Washington Cronies

Why you should hate the coronavirus “stimulus” bill.

Covid-19 Hits the Dual Economy: Incomes Destroyed at the Bottom, Profits Supported at the Top

Why preserving (big) corporate profits will not bail out the economy.