DOGE: Nations Aren’t Corporations and ‘Efficiency’ Means Austerity
Why DOGE, if implemented on the scale intended, will be a train wreck for the great majority of Americans.
Read more...Category Archives: Macroeconomic policy
Trump’s 2017 Tax Cuts Expire Soon − Study Shows They Made Income Inequality Worse and Especially Hurt Black Americans
The first-term Trump tax cuts, increased inequality. So why does there seem to be so much complacency about their renewal?
Read more...China’s Push for 7% Growth Faces Big Challenges
China plans to return to a higher level of growth. Are its targets attainable?
Read more...Can Europe Afford Its Energy Transition?
A not-complete tally cost estimate for Europe’s climate change containment comes in at €1.3 trillion annually to 2030, then >€1.5 trillion through 2050.
Read more...Trump, Tariffs, Exchange Rates, and the Strong Dollar Problem: The Message of Elections in the US and Japan
Trump’s win highlights popular anger in the US, Japan, and Europe over the economy despite high stock prices and low unemployment
Read more...Why Did the French Government Fall and What Happens Next?
Some detail on the French government crisis and what the next moves may be.
Read more...How the Wall Street Journal Blew the Story of the Democrats and Inflation
The firehose of affluent consumption continues to drive inflation, not the stimulus package
Read more...Satyajit Das: US Presidential Politics – The More They Bicker, the More They Stay the Same
US presidential candidates promise policy choices but have little room to manoeuvre. Ergo, politics turns into a contest like American Idol
Read more...The Fed and the “Soft Landing” – Policy or Luck?
The Fed has little to do with the fall in inflation. Limited labor bargaining power and easing supply chain problems were more important.
Read more...Who Holds All These US Treasuries? Update on the Investors in the Ballooning US National Debt in Q2
As the Fed unloads Treasuries, others are purchasing them…including foreign central banks.
Read more...The Fed’s Reactive-Looking Half-Point Rate Cut
The Fed’s half point rate reduction was unseemly large. What gives?
Read more...Why is Modern Monetary Theory So Important?
A big reason Modern Monetary Theory elicits pushback is that it threatens power relations, specifically, the perceived primacy of financiers.
Read more...The EU Retreats Further into a World of Self-Delusion
Mario Draghi calls for Europe, decimated by self-inflicted energy crisis and social austerity, to go on borrowing spree to pay for endless fight against Russia.
Read more...Can We Afford the Welfare State?
Unpacking why the obstacle to preserving the welfare state is not national income or demographics but rentiers increasing their take.
Read more...The Myth That the US is Rapidly Approaching Bankruptcy
Michael Hudson and Richard Wolff take apart widespread myths about Federal spending and debts.
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