James Galbraith: The Quasi-Inflation of 2021-2022 – A Case of Bad Analysis and Worse Response
Galbraith explains why conventional views of inflation are a particularly poor fit for recent price increases and produced bad policy
Read more...Category Archives: The dismal science
US Inflation Policies Slowing World Economy
The Fed is playing killer of the current inflation even though it isn’t set up to do so. That’s hurting a lot of innocent bystanders.
Read more...Radhika Desai and Michael Hudson Discuss the Causes and Politicization of Inflation
Desai and Hudson debunk widely-believed, finance-and-elite-serving myths about inflation.
Read more...Debt Ceiling Arm Wrestling Targets Ukraine Spending
The upcoming debt ceiling fight has an unusual feature: Republican opposition to military pork, or at least the Ukraine variety.
Read more...Monopsony in Professional Labor Markets: Hospital System Concentration and Nurse Wage Growth
elle surprise! “Growing consolidation in localized hospital markets appears to restrict nurse wage growth.”
Read more...Economists Radhika Desai & Michael Hudson Explain Multipolarity, Decline of US Hegemony
The new year gets off to a rousing start with the launch of a new bi-weekly talk show with Radhika Desai and Michael Hudson.
Read more...The Great Inflation Debate: Supply Shocks and Wealth Effects in a Multipolar World Economy
A new analysis finds our inflation comes first from Covid/sanctions supply shocks and second, spending by the rich, not government spending.
Read more...Wives Listen but Husbands Don’t
There are significant gender differences in how economic information diffuses within the household.
Read more...The 2022 Globie: Money and Empire – Perry Mehrling on Charles Kindleberger
Perry Merhling’s recent book on Charles Kindleberger finds he had prescient beliefs about the need for a prudent international money minder.
Read more...MMT Answers
A short MMT refresher course in the form of a Q&A.
Read more...The Political Disruptions of Fiscal Austerity
Confirmation that austerity is bad for political stabiity because ordinary citizens don’t take well to their governments treating them badly.
Read more...The Political Economy of Effective Altruism
How the effective altruism discourages collective action….by design.
Read more...Needed Global Financial Reforms Foregone Yet Again
The pathologies that produced the financial crisis are still circulating.
Read more...“Jobs Are Up! Wages Are Up! So Why Am I as an Economist so Gloomy?”
Since the Fed can’t get more workers into the workplace but thinks it’s in charge of inflation, it will kill jobs with rate hikes.
Read more...It Hurts to Ask
This column examines the factors that determine the offering, asking, and granting of help. Asking entails the risk of rejection, which can be painful, generating a trap wherein those in need hope – but don’t ask – for an offer, while willing helpers wait for a request, resulting in significant inefficiencies.
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