Michael Hudson: How the U.S. Avoided Chronic Deflation by Relinquishing Monetary Control to Wall Street
Why finance-influenced economic policy in the US has managed to avoid deflation while in Europe, it has stoked it.
Read more...Category Archives: Macroeconomic policy
British Euroskeptics Go Off the Deep End, Flog Bogus Portugal “Coup” Meme
Making sense of the “overly dynamic” process of forming a new government in Portugal in the wake of an inconclusive election.
Read more...Joe Firestone: Fiscal Myths of Campaign 2016
Most of the world, and most notably the United States, is in the grip of fiscal myths fostered by the ideology of neoliberalism. It’s time to debunk them.
Read more...Mathew D. Rose: Hubris and Nemesis In Germany – Volkswagen, Refugees, and Football
Finding the common threads of Germany’s latest scandals.
Read more...Joe Firestone: The Platinum Coin Returns
Brookings deigns to consider the idea of minting a high-value platinum coin as an emergency solution to a debt-celing impasse.
Read more...Michael Hoexter: Should the US Federal Government Invest $4-$6 Trillion Per Year on Climate Protection? (Part 2 of 2)
Further discussion of why the excuses to do nothing or too little on the climate change front don’t hold up to serious scrutiny.
Read more...Michael Hoexter: Should the US Federal Government Invest $4-$6 Trillion Per Year on Climate Protection? (Part 1 of 2)
Why the excuses to do nothing or too little on the climate change front don’t hold up to serious scrutiny.
Read more...Mark Blyth: “Austerity Cures Nothing”
This is a bracing, no-nonsene talk from economist Mark Blyth of Brown University, who is the author of Great Transformations: Economic Ideas and Institutional Change in the Twentieth Century and Austerity: The History of a Dangerous Idea.
Read more...Michael Hudson on Parasitic Financial Capitalism
An interview with Michael Hudson on his latest book, Killing the Host, which focuses on the destruction wrought by financial capitalism.
Read more...Frances Coppola: The Great Yield Divergence
Puzzling over the Great Divergence of real and nominal yields. Ever since the Great Depression, nominal yields have been persistently above real yields Yet in the previous 200 years, despite periods of fiat currency and high inflation, real and nominal yields didn’t diverge. Why do they now?
Read more...Tony Benn’s Ten Minute History of Neoliberalism
A must-watch speech by the great British socialist Tony Benn.
Read more...Greece: No Lessons Learned
Greece, which has undertaken the most severe austerity, has experienced the deepest economic contraction. But the policy quackery continues.
Read more...Contemporary Capitalism: Neoliberal Capitalism, Financialized Capitalism, or Globalized Capitalism?
Why “neoliberal” is the framework that best describes our new, post 1980 form of capitalism.
Read more...Frances Coppola: Rethinking Government Debt and Monetary Sovereignity
Debunking the uniformed and regularly hysterical mainstream treatment of government debt and deficits.
Read more...Corbynomics 101: A Guide to People’s QE (PQE)
Why the three big charges commonly made against Corbyn’s “People’s Quantitative Easing” or PQE, are all wet.
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