A Battle Over American-Made Products Is Looming and Republicans Are in the Middle of It
Why “Buy American” is going to be a tough sale for Trump.
Read more...Category Archives: Macroeconomic policy
Progressives Need to Promote Deficit Spending Before Trump Makes It His Baby
The failure to do enough deficit spending is a big reason why the Democrats hemorrhaged losses. Progressives need to take up this issue.
Read more...CNN Host’s Attempt to Explain the U.S. Economy Was So Bad I Started Yelling at the TV
Offshoring is about the rush to cheap labor, not about automation and new technology.
Read more...Greece and Creditors in Showdown Again
Greece tried a surprise move to slip the creditors’ leash. Sadly, it’s not likely to succeed.
Read more...Origins of Happiness: Evidence and Policy Implications
The authors call for a new focus for public policy: not ‘wealth creation’ but ‘wellbeing creation’.
Read more...The Fatal Flaw in Macroprudential Policy: It Ignores Political Risk
Political risk is a major cause of systemic financial risk. This column argues that both the integrity and the legitimacy of macroprudential policy, or ‘macropru’, depends on political risk being included with other risk factors. Yet it is usually excluded from macropru, and that could be a fatal flaw.
Read more...Michael Hudson: Economists’ Deadly but Innocuous-Seeming Proclamations
A wide-ranging interview by Michael Hudson on the mind games that economists play.
Read more...Macroeconomics in the Crossfire (Again)
Economists are finally ‘fessing up to the fact that macroeconomics was never all that good and has regressed in recent decades.
Read more...Trump’s Win is a Warning: Europe Urgently Needs a New Deal
Europe is ignoring the lessons of New Deal era much to its peril.
Read more...Bill Black: Howard Dean Wants to Continue Austerity’s Assault on the Working Class
Why Democrats like Howard Dean believe in and sell austerity snake oil.
Read more...Bigger Cities Benefit the Rich, Harm the Poor
Australia’s major cities are benefiting the rich more than the poor and are becoming breeding grounds for inequality in the process.
Read more...Bill Black: Krugman’s Failure to Speak Truth to Power About Austerity
Krugman’s fiscal orthodoxy led him to enable Hillary’s disastrous embrace of austerity rather than call her out for it.
Read more...Donald Trump: “My 100-Day Action Plan”
A look at Trump’s major proposals.
Read more...Bill Black: Bloomberg Notices Paul Romer’s Indictment of Macroeconomics
World Bank economist Paul Romer calls out obvious defects in macroeconomics, and is treated as a bomb-thrower.
Read more...Why Economic Recovery Requires Rethinking Capitalism
Capitalism needs a dose of socialism, aka public works. Mission-oriented public investment is vital to revive private-sector investment.
Read more...