Category Archives: Macroeconomic policy

Gerald Friedman Responds to the Romers on the Sanders Plan: Different Models, Different Politics

Gerald Friedman explains that the difference between his results and that of the Romers on the Sanders plan is the result of using different models.

Galbraith: Attack on Sanders’ Economic Plan By Former Chairs of the Council of Economic Advisors Irresponsible

Jamie Galbraith discusses in some detail why Gerald Friedman, a Clinton supporter who gave a favorable review of Sanders’ economic plan, is owed an apology by his detractors.

China Continues to Focus on Growth, Not Reform

Growth remains a top priority in China, but how will the central government achieve it?

James Galbraith Describes Major Forecast Failure in Model Used by Romers to Attack Friedman on Sanders Plan

James Galbraith examines the used forecast by Christine Romer and David Romer to attack Gerald Friedman’s favorable review of Sanders’ plan. He’d already shellacked the methodology in a 2014 book.

Bill Black: Krugman Triples Down on His Smear of Friedman and Bernie

Krugman has really lost it.

Krugman and His Gang’s Libeling of Economist Gerald Friedman for Finding That Conventional Models Show That Sanders Plan Could Work

Krugman has made maliciously false statements about economics professor Gerald Friedman. Demand that the New York Times issue a correction and that Krugman apologize.

The ECB’s Original Sin and Franco Modigliani’s Long View

Franco Modigliani foresaw how the ECB and the Eurozone architecture had an anti-growth bias and proposed remedies that were ignored.

Michael Hudson Discusses the Federal Reserve and the Global Fracture

Explaining how the Federal Reserve and central bank policies like QE, saved the banks at the expense of wrecking the real economy.

Randy Wray: The Value of Redemption (Debt Free Money, Part 3)

Repeat after me: creation comes before redemption. Always!

Will German Sovereign Debt “Bail In” Scheme Destroy the Eurozone?

Germany is keen on implementing a sovereign bail-in plan that is certain to precipitate a crisis, but more likely a banking crisis than a breakup.

Former Central Banker William White on the Failure of QE, Danger of Negative Interest Rates

Former Bank of International Settlements chief economist William White criticizes central bank policies sharply, particularly negative interest rates.

Dean Baker Exposes How CBO Cooks Inflation Forecasts to Promote Deficit Scaremongering

Yet more funny forecasts from the CBO telling you why you can’t have nice things, like a better job market.

New York Times’ Bank-Boosting, Neoliberal-Excusing Story of the Global Debt Hangover

A new story at the New York Times on the global debt overhang is an economically warped account that omits important policy options.

Explaining Why Federal Deficits Are Needed

Why you should expect and applaud federal deficits.

Former BIS Chief Economist Warns of Massive Debt Defaults, Need for Debt Jubilee; Fingers Europe as First in Line

Even though the former chief economist of the BIS calls for a debt jubilee, it’s only part of the medicine needed to get the economy out of the ditch.