Category Archives: Macroeconomic policy

‘Going Against Trump Policies Is Not Fraud’: White House Panned Over Absurd Defense of DOGE

Administration efforts to defend DOGE confirm that spending cuts are ideological, and not value-neutral ‘efficiency’ or cost reduction

President Trump Promises to Make Government Efficient − and He’ll Run Into the Same Roadblocks as Presidents Taft, Roosevelt, Roosevelt, Truman, Eisenhower, Carter, Reagan, Clinton and Bush, Among Others

Why “make government efficient” and cost cutting programs are close to destined to come up short.

The Curse of the Household Analogy

It can’t be said too often: national government spending is not like household spending, and acting as if it is is damaging.

There’s No Growth, so What Should Labour Do?

Labour’s dilemma — which has parallels in other countries — leads to vague aspirations that are almost meaningless, and probably undeliverable. So, what should it do?

James Galbraith: How the Fed Became Less Powerful Despite Weakened Congressional Oversight

Fifty years ago the actions of the Fed mattered. Today, as far the aggregate measures of America’s domestic economy go, they do not.

UK Economy Falters as Pound Sterling Continues to Slide

Sustained neoliberalism is exacting a toll on the UK via currency wobbles and reluctance to raise rates in the face of budget pressures.

China’s Government Bond Market Sounding Loud Deflationary Alarm. Is the Japanification China Has Warded Off Finally Arriving?

China’s investors are in freakout mode about deflation risks. Can its government turn the fundamentals around?

DOGE: Nations Aren’t Corporations and ‘Efficiency’ Means Austerity

Why DOGE, if implemented on the scale intended, will be a train wreck for the great majority of Americans.

Trump’s 2017 Tax Cuts Expire Soon − Study Shows They Made Income Inequality Worse and Especially Hurt Black Americans

The first-term Trump tax cuts, increased inequality. So why does there seem to be so much complacency about their renewal?

China’s Push for 7% Growth Faces Big Challenges

China plans to return to a higher level of growth. Are its targets attainable?

Can Europe Afford Its Energy Transition?

A not-complete tally cost estimate for Europe’s climate change containment comes in at €1.3 trillion annually to 2030, then >€1.5 trillion through 2050.

Trump, Tariffs, Exchange Rates, and the Strong Dollar Problem: The Message of Elections in the US and Japan

Trump’s win highlights popular anger in the US, Japan, and Europe over the economy despite high stock prices and low unemployment

Why Did the French Government Fall and What Happens Next?

Some detail on the French government crisis and what the next moves may be.

How the Wall Street Journal Blew the Story of the Democrats and Inflation

The firehose of affluent consumption continues to drive inflation, not the stimulus package

Satyajit Das: US Presidential Politics – The More They Bicker, the More They Stay the Same

US presidential candidates promise policy choices but have little room to manoeuvre. Ergo, politics turns into a contest like American Idol