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...Category Archives: Macroeconomic policy
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...The Debt Ceiling End-Game
So what can the Administration do, instead of blink, in the debt ceiling staredown?
Read more...Senators Ramp Up 14th Amendment Pressure on Biden to Counter GOP Debt Ceiling Brinksmanship
Although the GOP created the debt ceiling, Democrats are culpable for neither challenging its Constitutionality nor using the platinum coin.
Read more...Peter Pan Bonds to the Debt Ceiling Rescue?
Yet another way to circumvent debt ceilng restrictions isn’t getting the consideration it warrants.
Read more...Financial Instability in 2022-2023: Causes, Risks, and Responses
Authorities acted promptly and decisively, and each crisis required a unique solution, especially the larger crises
Read more...What is Section 4 of the 14th Amendment, “The Validity of the Public Debt of the United States?”
As the Republicans are digging on raising the debt ceilings, the idea of a constitutional challenge is starting to get traction.
Read more...Income Tax Withholding Payments Stumble Again, Signaling Job Weakness. Will the Fed Start to Consider Backing Off?
Income tax receipts are a good proxy for jobs. That measure has suddenly gone wobbly. If that persists, will the Fed blink?
Read more...Russia Leaves Neoliberal West to Join World Majority
The sanctions against Russia and Russia’s kinetic war in Ukraine have produced great changes in and outside. But what are their implications?
Read more...The Asymmetric Federal Reserve Objective
The Fed’s objective is asymmetric, with inflation overshoots being more costly than undershoots. Using data from the Summary of Economic Projections it shows that the Bernanke Fed was too hawkish, the Yellen Fed was too dovish, and the Fed under Jerome Powell has at times been too hawkish and too dovish.
Read more...The Fiscal Side of Europe’s Energy Crisis: The Facts, Problems and Prospects
A deep dive into the costs and impact of the recent, large-scale European energy subsidies.
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