Category Archives: The dismal science

Overheating Conditions Indicate High Probability of a US Recession

Larry Summers tells us a recession is coming….sometime….because the US is having too good a time job-wise.

Russia’s War Against Ukraine Might Persistently Shift Global Supply Chains

Economists are begining to grapple with the question of how the Russia-Ukraine war will reshape supply chains.

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.

War or Peace, Barbarism or Hope: War Threatens World with Stagflation

A short hisory of stagflation and why it’s a pressing risk now.

Stagflation Threat: Be Pragmatic, Not Dogmatic

More discussion of the current, misguided central bank use of interest rates to combat inflation, and what will probably become stagflation.

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.

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.

Inflation Targeting Voodoo

Why central bank fixation with inflation targeting is dodgy to detrimental.

The Private Equity Industry in the New Interest Rate Environment

Private equity has been a big winner thanks to a long-term trend of falling interest rates. What happens in a less favorable environment?

Revealed: New Insight into What Really Drives the Stock Market

In How Novelty and Narratives Drive the Stock Market, economist Nicholas Mangee examines how stories influence stock market outcomes

Resist Inflation Phobia Coup

Efforts to cure inflation, at least for poorer countries, will prove to be more damaging than the disease.

New Report: Monetary Policy Without Interest Rate Hikes

A fresh report lead authored by Nathan Tankus takes on orthodoxy monetary policy ideas and provides Modern Monetary Theory solutions.

IMF Surcharges: A Lose-Lose Policy for Global Recovery

The IMF seems unable to drop its punitive, self and “client” destructive habits.

Inflation Paranoia Threatens Recovery

Inflation hawks are winning. A ‘beggar thyself’ race to raise interest rates has begun. But this response slows economic growth.