Yanis Varoufakis: Interview with Léa El Azzi on Capitalism After the Pandemic, Europe, Greece, Lebanon & the IMF
A discussion of the state of capitailsm, with a European/Lebanase slant.
Read more...Category Archives: Macroeconomic policy
Michael Hudson on Coronavirus and Debt Winners and Losers
Michael Hudson explains why debt cancellation and turning banks into utilities is the only sound response to the cornacrisis.
Read more...Some Basic Lessons for the Governor of the Bank of England, Who Seems to be in Dire Need of Them
The Governor of the Bank of England had a major “put foot in mouth and chew” episode.
Read more...Can the Aspen Institute’s Elite Economists Beat the Coronavirus Depression?
A careful look at a new set of rescue schemes devised by some Serious Economists. Honestly, even Larry Summers could do better than this.
Read more...The Bank of England Votes for More QE – But This Is a Road That Will Run Out
Yves here. Richard Murphy’s observations about QE hitting its limits are clearly relevant to the US. Sadly, things will have to get worse before ideas like a job guarantee or Green New Deal-type work schemes even get a hearing. By Richard Murphy, a chartered accountant and a political economist. He has been described by the Guardian […]
Read more...How America’s Covid-19 Rescues Look Set to Increase Inequality
Why the Covid-19 bailouts are coming at a high social cost.
Read more...8 Reasons Why Covid-19 Damage to the Economy Will Be Deep and Lasting
Why the economy is still mighty sick and won’t get much better any time soon.
Read more...The European Union Still Hasn’t Considered an Economic Proposal That Can Save It
The European Union has not reached a “Hamiltonian moment.” Its plans are too little, too late, hamstrung by institutional barriers to economic recovery.
Read more...Covid-19 Recessions: This Time It’s Really Different
Why Covid-19 damage will be lasting.
Read more...Michael Hudson: Fed’s $10 Trillion Defends Assets of the Rich
Michael Hudson gives a detailed, if sobering, account of the outlook for the economy.
Read more...EU Stimulus Fakery as Brexit Stumbles Forward
The news on the EU and UK fronts is less than promising. It looks good only compared to rampaging cops on this side of the pond.
Read more...Why New Infrastructure Is a National Imperative
Time to do something about America’s creaky infrastructure.
Read more...Heiner Flassbeck: The Euro Arrangement Is Faulty
Heiner Flassbeck shows it defies macroeconomic logic to promote surpluses for Germany, prohibit government deficits everywhere else and forbid the central bank from acting as the central bank of each Euro member.
Read more...Political Scientist Tom Ferguson on Big Money and Social Conflicts in the Covid-19 Era
An incisive take from the no-holds-barred Tom Ferguson.
Read more...What Are the Three Concurrent Crises of the Coronavirus Depression?
Past theories of crises and why they matter now.
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