The Bizarre and Widely Disparaged Fitch Downgrade of US Government Debt to AA+
The financial press and Mr. Market shrugged off the Fitch downgrade of US government debt from AAA to AA+. Why?
Read more...Category Archives: Macroeconomic policy
Two Overlapping Takes on Inflation
MMT backer Richard Murphy and London finance organ City A.M. have surprisingly simliar views on the causes of inflation but differ on remedies
Read more...Why the GOP Is Trying to Take Credit for Union Workers’ Infrastructure Victory
The feckless Dems get no respect, even on the rare occasions when they do the right thing, as with a recent infrastructure bill.
Read more...Could Winning an Election Be the End of Keir Starmer?
Elected as the lesser of two evils, Keir Starmer’s Labour will face crises from the offset. Could its disenchanted left step in?
Read more...Book Review: Richard Vague, “The Paradox of Debt”
And why finding reforms to our current economic system is a Sisyphean task.
Read more...The Impact of Brexit on the UK economy: Reviewing the Evidence
Two-thirds of the British public think Brexit has damaged the economy, and all indications are that they’re right. Where does the UK go from here?
Read more...“Should There Really Be a Supreme Court? Its Role Always Has Been Anti-Democratic”
How much is the Supreme Court to blame for the red shift in policies?
Read more...Climate Risk Stress Tests Underestimate Potential Financial Sector Losses
Given the complexity of the link between climate shocks and financial sector outcomes, the authors argue that current methods have several key limitations that may lead to significant underestimation of potential financial sector losses.
Read more...The Economic Effects of Military Support for Ukraine: Evidence from Fiscal Multipliers in Donor Countries
An argument that spending on Ukraine is not quite as unproductive as it seems.
Read more...Correcting the Record on the Origin Story of Beowulf’s Trillion Dollar Coin
What it says on the tin, or rather the platinum.
Read more...Powell on the New Hawkishness in the Dot Plot and on Inflation: “We See that it Tells Us that We Need to Do More”
The Fed’s Powell: Core inflation “has not really moved down. It has not reacted much to our rate hikes. We’re going to have to keep at it.”
Read more...“Does Economics Do More Harm than Good?”
In a new book, George DeMartino offers some novel and pointed criticisms of economics, focusing on societal damage.
Read more...Thomas Ferguson: Debt Ceiling Theater and the Trump Parallel Universe
Political scientist Thomas Ferguson discusses Democratic debt ceiling fecklessness, Biden’s wobbly coaliiton, and US instability.
Read more...Biden Signs Off on Restarting Student Debt. Why?
Do student debt concessions prove Democrats are just terrible negotiators? The real reason Party leaders do the debt ceiling dance.
Read more...No Bargain: Big Money and the Debt Ceiling Deal
What is the real reason Democratic party leaders go along with the debt ceiling ritual?
Read more...