The Use and Abuse of MMT
Using government spending power to bail out financiers and rentiers makes a travesty of MMT.
Read more...Using government spending power to bail out financiers and rentiers makes a travesty of MMT.
Read more...The actions taken so far to salvage the single-currency union expose its fatal flaws. The last bout of stress will be a test to destruction if fundamental changes aren’t made.
Read more...Emerging market economies loaded up on debt after the crisis, which is now looking like a particularly bad move.
Read more...Angela Merkel is under pressure to abandon her long-standing “Germany first” policy towards the EU. Will she finally relent?
Read more...It would be nice to go back to something like the old normal. But the coronavirus is still very much in charge.
Read more...Government responsese to the pandemic are making a hash of one of the comparatively easy issues.
Read more...Modern Monetary Theory has a new convert. Too bad Americans are behind the curve.
Read more...The problem of policies aimed to return the economy to what it was before the virus hit is this: Global capitalism, by 2019, was itself a major cause of the collapse in 2020.
Read more...Early data from Europe says the damage to the services sector is as deep as many feared, and bodes ill for the US, with its poor and sluggish economic responses.
Read more...Yves here. On the one hand, this post contains many examples of how people with resources are assisting those hit hard by the coronavirus crisis. On the other, it is also all too apparent that in most cases, these charitable acts only make a dent in the problems most face, although admittedly shows of concern […]
Read more...COVID-19 has exposed flaws in the global supply chain economic model; advances in technology have rendered it obsolete.
Read more...A coronavirus confessional of sorts.
Read more...A detailed look at the Green Deal: bold goals, with a shortage of money, transition plans, and social democracy.
Read more...Coronavirus spending illustrates the foolishness of legislators believing their own numbers.
Read more...Not surprisingly, people who don’t have regular jobs will be very hard hit by the coronavirus crisis. And there are a lot of them.
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