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
Read more...MMT backer Richard Murphy and London finance organ City A.M. have surprisingly simliar views on the causes of inflation but differ on remedies
Read more...An explanation of how a favorite Fed rate setting tool, the Taylor Rule, promotes inequality by shifting income away from workers.
Read more...Sadly, some bank-serving fables are very durable, so James Galbraith has (yet another) go at them.
Read more...Tightening is a slow process, and there is still a flood of excess liquidity chasing after yield.
Read more...Michael Hudson takes a long, hard look at the origins and costs of the Fed’s ZIRP policy.
Read more...Per the Times, inflation must be tackled, and the only way to do so is through lowering incomes and potentially jacking up unemployment.
Read more...It’s now undeniable that corporate profits are playing a big role in our current inflation.
Read more...Emerging economies look to be on the verge of a whole lotta debt hurt. Why does this happen to them so often?
Read more...Is central bank inflatin medicine even worse than it seems?
Read more...The Fed’s Powell: Core inflation “has not really moved down. It has not reacted much to our rate hikes. We’re going to have to keep at it.”
Read more...Every bank crisis has its own overarching narrative and streams of sub-narratives that course through the marketplace day to day.
Read more...Central banks provide even more gimmies to banks than you likely realized.
Read more...Contrary to popular opinion, Fed interest rate policy is still permissive, if not quite as permissive as before.
Read more...Dennis Kelleher of Better Markets explains why crypto is the last place anybody should be running to for safety.
Read more...Big food company profit-goosing price hikes confirms that the Fed is barking up the wrong tree in going after labor.
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