Category Archives: Macroeconomic policy

Italy’s Political Crisis….How Ugly Might It Get?

Identifying issues that may influence how Italy’s political crisis over the rejection of a Lega Nord-5 Star economy minister plays out.

Cryptocurrencies’ Challenge to Central Banks

The risks of introducing a central bank digital currency are high while the efficiency gains do not seem large. A more efficient system can be achieved via innovation in current payment infrastructure.

The U.S. Is Not at Full Employment—Don’t Believe the Trump Administration’s Hype to the Contrary

Why recent employment statistics are giving an unduly rosy picture of the state of the US labor market.

Bill Mitchell: QE Failed in Japan

A short and devastating proof that QE was a bust in Japan.

The True, Accurate, and Only Answer to “How Exactly Will We Pay for Medicare for All?”

Taking on the biggest, bogus excuse for not adopting Medicare for All.

Milton Friedman’s ” The Role of Monetary Policy” – 50 Years Later

Like it or not, Milton Friedman is still very much with us.

Monetary Policy and Fiscal Discipline: How the ECB Planted the Seeds of the Euro Area Crisis

How the ECB did Euro-area member states a dirty when it tried to act as deficit enforcer.

More Frequent Central Bank Communication Worsens Financial and Macroeconomic Forecasts

Too much communication from central banks to the market may be a problem, creating a cacophony of policy voices.

Money: The High Cost of Betrayal

The misrepresentation of how the US money system works is worse than mere economic malpractice, which is already pretty common.

Growth-Equity Trade-Offs in Structural Reforms

There is a fear that certain reforms could further exacerbate inequality….

The Free Market Threat to Democracy

Democracy is not under stress – it’s under aggressive attack, as unconstrained financial greed overrides public accountability.