The Charade That Deters the Use of “Direct Spending” to Fund Federal Operations
Why do so many people recoil at the idea that Federal spending does not depend on taxation?
Read more...Category Archives: Economic fundamentals
Japan Isn’t Playing Neoliberalism’s Word Games
Has the progressive left in western democracies forgotten how to embrace the mainstream? When I compare the approach which anti-neoliberal causes take in the U.S. and Europe with the approach taken by the same causes in Asian countries, especially Japan, I can only say yes, it has. One explanation for how pro-labor movements have been […]
Read more...Is Fiscal Policy for Prosperity Back in Place of Austerity?
Austerity appears to be quietly going out of fashion.
Read more...Japan Throws Spanner into Brexit Negotiations
Multinationals just weighted in on the Brexit talks, in the form of a letter from Japan’s government.
Read more...Why Behavioral Economics Is Really Marketing Science
Not only do economists ignore the role of banks in their models, they also omit marketing and the malleability of consumer preferences.
Read more...Back to the Future? Lessons on Inequality, Labor Markets, and Conflict from the Gilded Age
Warning to capitalists: the high levels of inequality of the deregulated Gilded Age led to concerted and effective pushback by workers.
Read more...Revealed: ECB Secretly Hands Cash to Select Corporations
Is the ECB’s latest bond-buying program creating corporate winners and losers?
Read more...Dirk Bezemer and Michael Hudson: Finance is Not the Economy
Picking apart the conflation of real capital with finance capital and explaining how that confusion undermines sound analysis of the crisis.
Read more...Care Work as the Work of the Future
Economists despair about the impact of technology on jobs. They underestimate the need for care work, as in services for the young and aged.
Read more...Expansionary Fiscal Consolidation Myth
Why fiscal consolidation, which is neoliberal economists’ pet idea that austerity increases growth, is all wet.
Read more...What Do US Wages Tell Us About the Business Cycle?
Does the US business cycle have longer to run?
Read more...The Elite “Let Them Eat Education” Fallacy
Debunking the idea that better education is an adequate remedy for inequality and high unemployment.
Read more...Banks Pushing Back Against Negative Interest Rates With Threat to Store Cash
Banks are looking into holding more cash as central banks threaten to drive interest rates even further into negative terrain.
Read more...Top Marginal Tax Rates and Real Economic Growth, Part 1
This post looks at the relationship between the top marginal income tax bracket and growth in real GDP per capita (from NIPA table 7.1) in the subsequent year or years.
Read more...How the Fed Promoted “Financial Dominance” and Shadow Banking by Promoting Repo
Yves here. This is a very important post, and sadly I’m not providing it with the introduction and commentary it warrants because I am scrambling to get organized to get out of town. By Daniela Gabor is associate professor in economics at the University of the West of England, Bristol. Originally published at the Institute […]
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