The IRA Drug Price ‘Victory’
A high-level description of the empty bag known as the Inflation Reduction Act’s drug price controls.
Read more...Category Archives: Macroeconomic policy
Memo to China: You Look Silly When You Threaten to Dump Treasuries
If China intends to cov the West, it needs to pick things it could do that would incur real damage. Selling Treasuries it not that.
Read more...Recession Mongers Shocked & Horrified by This Surge in Employment
Perversely, investors want a recession to force the Fed to pivot. But it’s tough to have an official recession with employment growing.
Read more...The Rise and Fall of France’s 35-Hour Workweek
France’s 35-hour workweek illustrates the need to confront business power to make good on the promise of working time reduction.
Read more...Experiments with a Four-Day Workweek
Workers around the world are experimenting with a four-day week, and their efforts illustrate the promise of shorter working time.
Read more...Some Quick Thoughts About Russia’s Resilience and America’s Malaise
Seeking reader input on preliminary hypotheses on why Russia is faring better than expected under the sanctions while the US is suffering.
Read more...Michael Hudson: A Depression Is Coming
Economist Michael Hudson explains the inflation crisis and warns a “long depression” is coming, due to the new cold war on Russia and China.
Read more...What Is Really Causing Our Inflation: “Inflation in a Time of Corona and War”
Finally! Evidence-based answers to the main (policy) questions concerning the return of high inflation.
Read more...Inflation Freakout and Possible Fed Overshoot
There’s a lot of nattering about inflation and not enough insight.
Read more...James Galbraith: The Dollar System in a Multi-Polar World
On the rise and decline of the dollar system.
Read more...Trade’s Resilience to COVID-19
Future resilience requires smart diversification and exploitation of working-from-home production.
Read more...Sri Lanka Economic Crisis Inflicted by Self-Serving Elite
How the Sri Lanka debt crisis was decades in the making.
Read more...The IMF Connection with the Ukraine Crisis
You can’t quite say the IMF is the root of all evil. But it sure made a lot of bad situations worse.
Read more...Corporate Legacy Debt, Inflation, and the Efficacy of Monetary Policy
Why high levels of corporate debt can make monetrary tightening less effective in controlling inflation.
Read more...Inflation Targeting Constrains Development
The rich have influenced most developing countries to prioritize inflation targeting in monetary policy instead of adopting bolder economic policies for growth, jobs and sustainable development.
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