Category Archives: Macroeconomic policy

With Shutdown Averted, Is Social Security Safe? Nope!

Tax breaks to the rich mean less revenue, higher deficits, and more calls to gut programs like Social Security that protect ordinary citizens

Wolf Richter: Why Longer-Dated Treasury Yields Spiked. It’s Not Magic: Yield Solves All Demand Problems

Tsunami of issuance meets Fed QT, Skittish Foreign Buyers, and US buyers demanding to be compensated for the risks of out-of-control deficits in an inflationary environment.

McCarthy Ouster, Senate Republican Opposition Bode Ill for 2023 Ukraine Funding

Ukraine funding, a big focus of the row over McCarthy’s speakership, is not getting any easier.

Ukraine’s Unraveling, the Funding Row, and Coalition Wobbles

Project Ukraine is having another bad week.

Happy Talk About US Slowdown a Recession Warning as China Growth Also Weakening

Recession complacency means things are wobblier than they seem.

How to Fix Monetary Policy in Advanced Countries

The monetary policy of major central banks in advanced economies have had negative consequences and thus need to be fixed.

Longitudinal – Reflections On Recent Economic Writing

Satyajit Das takes a gander through a large sample of recent economic books and has some unexpected findings.

The Bizarre and Widely Disparaged Fitch Downgrade of US Government Debt to AA+

The financial press and Mr. Market shrugged off the Fitch downgrade of US government debt from AAA to AA+. Why?

Two Overlapping Takes on Inflation

MMT backer Richard Murphy and London finance organ City A.M. have surprisingly simliar views on the causes of inflation but differ on remedies

Why the GOP Is Trying to Take Credit for Union Workers’ Infrastructure Victory

The feckless Dems get no respect, even on the rare occasions when they do the right thing, as with a recent infrastructure bill.

Book Review: Richard Vague, “The Paradox of Debt”

And why finding reforms to our current economic system is a Sisyphean task.