Category Archives: Macroeconomic policy

Michael Hudson: Socialism, Land and Banking: 2017 Compared to 1917

Why did socialism lose out in the 20th century to rentiers promoting neoliberalism?

Hy Minsky, Low Finance: Modern Money, Civil Rights, and Consumer Debt

MMT’s ultimate contribution to consumer finance is showing a world beyond the “Let Them Eat Debt or Let Them Eat Cash” approaches.

Jared Bernstein Shows the Costs of Not Understanding Sovereign Currencies

Jared Bernstein, like his fellow fauxgressives, endorses deficit hysteria instead of policies based on how our money system works.

Puerto Rico Is Getting Squeezed, and It Will Cost All of Us

Puerto Rico illustrates why implementing austerity policies in weak economies backfires.

How to Use Fiscal and Monetary Policy to Make Us Rich Again

On the obvious and high cost of abandoning fiscal policy in favor of monetary policy…save for asset owners.

How to Break Austerity-Induced Stagnation?

The costs of sticking with obviously failed austerity policies just keep rising.

The Real Cause of the Italian Bank Bailouts and Euro Banking Troubles

How a banking union has created deep divisions that undermine the Eurozone’s stability.

Debts That Cannot Be Paid Will Not Be

Capitalism is probably already insolvent.

Don Quijones: People Not Amused by EU Efforts to “De-Cash” their Lives

EU survey results show respondents overwhelmingly oppose proposals to impose an EU-wide cash ceiling that would throttle use of cash.

Inequality: How We Got Here, and What Should Be Done

More discussion of the causes of rising inequality and possible remedies.

BIS Warns on Household Debt

Credit booms tend to go hand in hand with a misallocation of resources – most notably towards the construction sector – and a slowdown in productivity growth, with long-lasting adverse effects on the real economy.