Category Archives: Macroeconomic policy

Satyajit Das: European Mirages – Why Crises and Decline Lies Ahead

To alleviate its decline, Europe needs to restore good relations with Russia and China, which seems impossible absent regime changes

Satyajit Das: DOGE – The Accelerant in American Decline

Republicans find DOGE’s actions are not universally popular. US courts have begun disallowing cancellation of contracts and terminations

Fed Not Buying Trump Administration Economic Snake Oil but Stands Largely Pat While Depicting Higher Inflation, Lower Growth Prospects

The Fed has noticed that Trump’s policies are chilling growth while stoking inflation, but is not yet ready to react strongly.

Replacing Foreign Aid: A Macroeconomic Plan B for Ukraine (and Europe)

Some Serious Economists make an analytically desperate justification of Europe providing big-ticket economic assistance to Ukraine

DOGE Going Dark as Evidence of Fabrications, Destructive Results and Citizen Anger Rises

OGE is turning out to be as reckless and wantonly destructive as its fiercest critics warned.

Business Press Suddenly and Widely Reporting Damage Done by Trump Economic Policies

As the wheels start coming off the Trump economy, the president shows no sign of changing course.

Labour Is Becoming the Enemy of the Vulnerable and the Disabled

Labour goes all in for cutting social spending, first for the disabled, almost certainly with the excuse that it’s needed to fund rearming.

How Scientists Can Adapt to a New Normal

In the wake of attacks on the research enterprise, scientists need to focus on protecting its fragile infrastructure.

‘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?