How to Pay for the Pandemic War
Government responsese to the pandemic are making a hash of one of the comparatively easy issues.
Read more...Category Archives: Macroeconomic policy
The FT Says It’s Time for the Bank of England to Start Direct Funding of the Government: Modern Monetary Theory Has Won the Day
Modern Monetary Theory has a new convert. Too bad Americans are behind the curve.
Read more...The EU’s Green Deal: Bismarck’s ‘What Is Possible’ versus Thunberg’s ‘What Is Imperative’ in the Age of Covid-19
A detailed look at the Green Deal: bold goals, with a shortage of money, transition plans, and social democracy.
Read more...The Coronavirus Depression Requires A New Approach to Budgeting
Coronavirus spending illustrates the foolishness of legislators believing their own numbers.
Read more...Tax Justice and Modern Monetary Theory – A Guide
Does Modern Monetary Theory take tax justice for granted?
Read more...The Coronavirus Stimulus Bill Is a $2 Trillion Slush Fund for Washington Cronies
Why you should hate the coronavirus “stimulus” bill.
Read more...Covid-19 Hits the Dual Economy: Incomes Destroyed at the Bottom, Profits Supported at the Top
Why preserving (big) corporate profits will not bail out the economy.
Read more...At Long Last the Government Can Borrow Straight From the Bank of England – As Modern Monetary Theory Has Always Suggested It Should
The UK embraces modern monetary theory….and perhaps hopes no one notices.
Read more...Bailout Shenanigans: Making 2008 Look Good?
The bailout bill looks shameless, even by Trump Administration standards.
Read more...Michael Hudson: A Debt Jubilee is the Only Way to Avoid a Depression
In the face of massive economic calamity caused by coronavirus, Michael Hudson argues a debt jubilee is the only way to avoid a depression.
Read more...IMF Refuses Aid to Venezuela in the Midst of the Coronavirus Crisis
The IMF dons its enforcement brass knuckles.
Read more...Coronavirus Means Zero Hour for the European Union
Germany’s long-standing practice of muscling the European Union to serve its own ends now risks dissolution and a banking system crisis.
Read more...Social Insurance in a Time of Pandemic: A Proposal for the Government to Act as Buyer of Last Resort
It’s not hard operationally for the government to counter economic fallout from the pandemic. The hard part is ideological baggage.
Read more...The Fed Backfires: Shock and Awe Rate Drop to 0%, Emergency Bond Buying Program Leads to Limit Down Drops in US Equity Futures as Real World Coronavirus Damage Worsens
The Fed just told everyone to assume the brace position.
Read more...How the COVID-19 Shock Is Different
Looking at COIVD-19 impacts.
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