Inflation Targeting Voodoo
Why central bank fixation with inflation targeting is dodgy to detrimental.
Read more...Category Archives: Macroeconomic policy
Global Financial Risk Factors and Sovereign Risk
An increase in global financial risk causes a large and persistent widening of sovereign spreads, with the spillover effects especially pronounced for speculative-grade sovereign debt
Read more...Resource Limits to American Capitalism & The Predator State Today
James K. Galbraith discusses the shift of the US from industrialism to his so-called predator state: finance-led, military-centered corporatism
Read more...Resist Inflation Phobia Coup
Efforts to cure inflation, at least for poorer countries, will prove to be more damaging than the disease.
Read more...New Report: Monetary Policy Without Interest Rate Hikes
A fresh report lead authored by Nathan Tankus takes on orthodoxy monetary policy ideas and provides Modern Monetary Theory solutions.
Read more...IMF Surcharges: A Lose-Lose Policy for Global Recovery
The IMF seems unable to drop its punitive, self and “client” destructive habits.
Read more...Inflation Paranoia Threatens Recovery
Inflation hawks are winning. A ‘beggar thyself’ race to raise interest rates has begun. But this response slows economic growth.
Read more...‘No More Hiding’: Sanders Says Make GOP Vote on Popular Policies
Sanders: “The American people have a right to know where their senators stand on the most important issues impacting their lives.”
Read more...The Saker Interviews Michael Hudson
Yves here. Michel Hudson, in this short talk with The Saker, debunks many widespread misperceptions about the dollar, the US economy, and the prospects for fundamental change. I have only a couple of teeny quibbles and a further thought. Hudson discusses private equity buying up single family homes. While that was a very big trend […]
Read more...Michael Hudson: What is Causing So Much Inflation?
Economist Michael Hudson explains the inflation crisis and Fed’s secretive $4.5 trillion bank bailout.
Read more...The Fed Sets Out to Kill the Economy to Save It
The Fed is trying to solve an economic problem that is largely outside its reach.
Read more...Manchin Takes Aim at Build Back Better, but His Real Focus is on West Virginia
What does Manchin want?
Read more...Understanding Inflation Risks in the US and the Euro Area
Fed-type models say US inflation will hang around. So the central bank will try to Do Something when it really can’t do much.
Read more...As Pressure Mounts, Biden Considers Extending Pause of Student Loan Payments
Biden is signaling he might retreat on resuming student debt payments. But is this simply a ploy in light of the BBB brick wall?
Read more...The Democrats Go Full Götterdämmerung as Manchin Makes DOA of BBB Official; Omicron Undermines Scapegoating the Unvaxxed
The Democrats may finally be getting their comeuppance.
Read more...