Category Archives: Macroeconomic policy

Axios: What’s the Actual Cost of Not Addressing Climate Change?

bunking some arguments against Sanders’ climate change program.

Summers and the Road to Damascus

Why pushing on a string has never worked: monetary policy has never been robustly effective in promoting economic recovery or growth.

Marshall Auerback: We Are Clearly Living in a Bizarro Capitalism Era—And It’s Time to Change How the World Manages Economies

Central banks don’t have the tools to address our problems. It will take well-constructed fiscal policy to set right our topsy-turvy economy.

Cheerleading for Austerity

Readying austerity talk just in time to condition voters for 2020.

Neoliberalism: Political Success, Economic Failure

Now, after nearly half a century, the verdict on neoliberalism is in.

Syriza, R.I.P.

The rule of the “radical left” Greek party Syriza came to an end earlier this month after it had abandoned its promise of reform.

Michael Hudson: U.S. Economic Warfare and Likely Foreign Defenses

How the US has used its economic muscle to defend its hegemony and the rest of the world is looking to claw power back.

The ‘New Right’ Is Not a Reaction to Neoliberalism, but Its Offspring

Why the success of the far right shows that neoliberalism is very much alive and well.

Taxes for Revenue Are Obsolete

In a 1946 classic, New York Fed chairman Beardsley Ruml explains why taxes aren’t necessary for Federal spending and argues against corporate income taxes.

Martin Wolf v. Trumponomics Whiffs Due to Fealty to Orthodoxy

The Financial Times’ Martin Wolf has a go at Donald Trump, but manages to score an own goal as far as his profession is concerned.

The Myth of Expansionary Austerity

If you hold mainstream economic views, it was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.

The Global Capital Flows Cycle and Its Drivers: Not Only a US Monetary Policy Story

Financial shocks matter more than US monetary policy. Domestic policies may still mitigate the cycle of global capital flows at the country level.

Michael Hudson Discusses the IMF and World Bank: Partners In Backwardness

Michael Hudson explains how the IMF and World Bank support US hegemony.

Richard Murphy: For MMT (Long and Wonkish)

MMT opponents try presenting their objections as technical, but they really are political.