Does Japan Do MMT?
In case you had any doubts, Japan is not following MMT economic policy prescriptions.
Read more...Category Archives: Economic fundamentals
FANGMAN Stocks Crushed by Potential “Unprecedented, Wide-Ranging Probe” into Google, Apple, Facebook, Amazon
The authorities have come to realize that monopolists like Google and Amazon aren’t good for the health of the economy or even (despite their tech sheen) “innovation”.
Read more...Could Air Travel Become an Early Casualty of Climate Change?
Might air travel take a serious hit from climate change before polic-makers work up the nerve to intervene?
Read more...St. Louis Fed Study Shows Rising Level of Financial Desperation Among the Poor, Hidden by Aggregates
A new St. Louis Fed analysis shows the wealth of areas in financial distress deteriorated from 2015 to 2018, reversing a pattern of gains that had started in 2010.
Read more...Is Conservatism Running on Brand Fumes?
Why the foundations of conservatism are crumbling.
Read more...Does Iran’s Economic Fate Depend on a Lifeline From China?
How China is likely to view defying US sanctions on Iran.
Read more...Why Martin Wolf Is Wrong on Modern Monetary Theory (MMT)
A shame that someone like Martin Wolf does get the core idea of MMT but still really can’t or won’t accept its implications.
Read more...UBI Without Quality Public Services Is a Neoliberal’s Paradise
Why should governments give cash-handouts before providing free, quality public services to all?
Read more...What Does It Mean to Live in a Multipolar World? We May Be About to Find Out
Possible American and EU responses to multipolar politics.
Read more...Modi’s Win: It Wasn’t the Economy, Stupid!
Voters accepted that authoritarianism would produce security, which neutralised warnings by intellectuals and opposition parties that Modi’s India was heading towards fascism.
Read more...How Trump’s ‘America First’ Trade Strategy Is Accelerating America’s Decline
Why Trump ‘s narrowly nationalistic trade agenda, combined with his nostalgia for a 1950s style economy, will undermine U.S. economic prosperity and U.S. global hegemony.
Read more...How to Pay for the War
Updating a classic Keynes discussion of war financing for MMT and the Green New Deal.
Read more...Wolf Richter: Subprime Bites – Auto-Loan Delinquencies Spike to Q3 2009 Level, Despite Strongest Labor Market in Years
A high level of auto-loan delinquencies challlenges the cheery spin the Fed and the financial press is putting on the state of the ecoomy.
Read more...Why We Need New Measures of Potential Output—and What They Tell Us
Economists and policy makers are waking up to the fact that estimates of what is possible in the economy – “potential output” – are way off: this paper explains why.
Read more...“There Is No Alternative” to Managing the Economy and the Climate
Why the US needs to embrace an industiral policy to combat climate change.
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