Republicans Plan to Cut Food Stamps as Homelessness Rises in the US
Republicans want to take food out of children’s (and adults’) mouths by cutting food stamps. One likely result is an increase in homelessness.
Read more...Category Archives: Macroeconomic policy
Monetary Mental Illness
Puzzling over why more people don’t embrace Modern Monetary Theory.
Read more...Gaius Publius: Deficit Talk Is a Trap. Will Democrats Fall Into It?
The Democrats would join the Republicans in using deficits to justify cutting Medicare, Social Security, and other services. Don’t let them.
Read more...Artificial Intelligence and the Stability of Markets
AI may revolutionise risk management and financial supervision, but also threatens to destabilise markets and increase systemic risk.
Read more...Why Does the Euro Area Have Such Low Growth and High Unemployment?
Why has the Euro area not delivered on its economic promise?
Read more...If You Look Behind Neoliberal Economists, You’ll Discover the Rich: How Economic Theories Serve Big Business
The road to serfdom – sponsored by big business.
Read more...Michael Hudson: Socialism, Land and Banking: 2017 Compared to 1917
Why did socialism lose out in the 20th century to rentiers promoting neoliberalism?
Read more...Hy Minsky, Low Finance: Modern Money, Civil Rights, and Consumer Debt
MMT’s ultimate contribution to consumer finance is showing a world beyond the “Let Them Eat Debt or Let Them Eat Cash” approaches.
Read more...Jared Bernstein Shows the Costs of Not Understanding Sovereign Currencies
Jared Bernstein, like his fellow fauxgressives, endorses deficit hysteria instead of policies based on how our money system works.
Read more...Puerto Rico Is Getting Squeezed, and It Will Cost All of Us
Puerto Rico illustrates why implementing austerity policies in weak economies backfires.
Read more...How to Use Fiscal and Monetary Policy to Make Us Rich Again
On the obvious and high cost of abandoning fiscal policy in favor of monetary policy…save for asset owners.
Read more...After Neoliberalism, What Next?
The neoliberal order has failed and is creating more and more political and social upheaval. Some elements of a new system may be in sight.
Read more...How to Break Austerity-Induced Stagnation?
The costs of sticking with obviously failed austerity policies just keep rising.
Read more...Is Productivity Growth Becoming Irrelevant?
Measured GDP and gains in human welfare eventually may become entirely divorced.
Read more...The Real Cause of the Italian Bank Bailouts and Euro Banking Troubles
How a banking union has created deep divisions that undermine the Eurozone’s stability.
Read more...