Category Archives: The dismal science

Fighting Inflation Excuse for Class Warfare

Too many central bankers are raising interest rates at the expense of working people’s families, supposedly to check inflation.

Whither Hegemony? Prof. Wen Tiejun Foreword to Michael Hudson’s The Destiny of Civilization

The development and future of America’s hegemony is a major focus of Michael Hudson’s new book, The Destiny of Civilization.

When Central Bank Saviours Are the Problem

Countries around the world will suffer from central bank malpractice as the Fed and its peers act as if they can treat supply side inflation

James Galbraith: The Dollar System in a Multi-Polar World

On the rise and decline of the dollar system.

Overheating Conditions Indicate High Probability of a US Recession

Larry Summers tells us a recession is coming….sometime….because the US is having too good a time job-wise.

Russia’s War Against Ukraine Might Persistently Shift Global Supply Chains

Economists are begining to grapple with the question of how the Russia-Ukraine war will reshape supply chains.

The IMF Connection with the Ukraine Crisis

You can’t quite say the IMF is the root of all evil. But it sure made a lot of bad situations worse.

War or Peace, Barbarism or Hope: War Threatens World with Stagflation

A short hisory of stagflation and why it’s a pressing risk now.

Stagflation Threat: Be Pragmatic, Not Dogmatic

More discussion of the current, misguided central bank use of interest rates to combat inflation, and what will probably become stagflation.

Corporate Legacy Debt, Inflation, and the Efficacy of Monetary Policy

Why high levels of corporate debt can make monetrary tightening less effective in controlling inflation.

Inflation Targeting Constrains Development

The rich have influenced most developing countries to prioritize inflation targeting in monetary policy instead of adopting bolder economic policies for growth, jobs and sustainable development.

Inflation Targeting Voodoo

Why central bank fixation with inflation targeting is dodgy to detrimental.

The Private Equity Industry in the New Interest Rate Environment

Private equity has been a big winner thanks to a long-term trend of falling interest rates. What happens in a less favorable environment?

Revealed: New Insight into What Really Drives the Stock Market

In How Novelty and Narratives Drive the Stock Market, economist Nicholas Mangee examines how stories influence stock market outcomes