Category Archives: Macroeconomic policy

If the Federal Government Won’t Fund the States’ Emergency Needs, There Is Another Solution

Some ways aroung the Federal government’s present refusal to do much for state and localities.

Yanis Varoufakis: Have Merkel & Macron Just Announced a Eurobond-Funded Godsend for the EU?

There’s not a lot of there there in a proposed EU rescue scheme.

Waiting for “Rooseveltian Relief”: An Oversimplified Framework for the Employment Situation

“Nothing fundamental will change.” –Joe Biden

The Eurozone in Crisis

The Eurozone, despite years of band-aids over gunshot wounds, has managed to soldier on. It may have finally met its match in the coronacrisis

Finance Capitalism vs Industrial Capitalism: How Financial Parasites and Debt Bondage Are Destroying Us

Another Michael Hudson star turn on debt dynamics, this time focusing on the coronavirus bailouts are shoring up rentiers.

Covid-19, The Coming Developing Country Debt Crisis and The Argentina Debt Reduction Proposal

Even the IMF backs the new debt put forward by Argentina. Could it be a model for Covid-shocked emerging economies?

Is There Deflation or Inflation in Our Future?

We don’t have a recovery in sight, but some economists are already worried about inflation.

‘No Warming, No War’: Report Details How US Militarism and Climate Crisis Are Deeply Interwoven

“In the face of both COVID-19 and the climate crisis, we urgently need to shift from a culture of war to a culture of care.”

Mitch McConnell to State Pension Funds: Drop Dead

Prominent Republicans are threatening to gore the public pension fund ox.

Mark Blyth and Jeffrey Sommers: Austerity – A Dangerous Idea Returns

Why more austerity is one of the worst possible responses to the pandemic….yet the US is seeing even more of it.

The Federal Reserve’s Coronavirus Crisis Actions, Explained (Part 5)

Muni purchases are finally here

The Use and Abuse of MMT

Using government spending power to bail out financiers and rentiers makes a travesty of MMT.

Last Chance to Save the Euro?

The actions taken so far to salvage the single-currency union expose its fatal flaws. The last bout of stress will be a test to destruction if fundamental changes aren’t made.

Angela Merkel Urged To Put European Solidarity Over German Interests and Back Coronabonds

Angela Merkel is under pressure to abandon her long-standing “Germany first” policy towards the EU. Will she finally relent?