Clarification of Spending/Inflation Constraints According to Modern Monetary Theory
Economists go on tilt with the supposed profligate implications of Modern Monetary Theory. But there are many ways to check demand.
Read more...Category Archives: The dismal science
Mark Blyth – An Inflated Fear of Inflation?
Mark Blyth explains why inflation in the U.S., Canada, & E.U. is highly unlikely: a room for more government spending and higher wages.
Read more...Social Tipping Points and Forecasting Norms Changes
What does it take to move the norms needle?
Read more...We Really Do Need to Rethink the Economics of Saving, Most of Which Is Nonsense
Savings plays an important role in household management (or does when the household isn’t desperate), yet economists don’t get it.
Read more...Inflation in the Aftermath of Wars and Pandemics
Challenging the conventional wisdom that government responses to Covid will generate inflation.
Read more...Michael Hudson: America’s Neoliberal Financialization Policy vs. China’s Industrial Socialism
Further discussion of the American and Chinese economic models, focusing on financialization as a central distinction.
Read more...What is the Bullshit Economy?
Establishing some first principles of the bullshit economy.
Read more...The ‘Roaring Twenties’ and Covid Recovery: Revisiting the Evidence for Europe
Are the Roaring Twenties an analogue for what a post Covid economy would look like?
Read more...Chicago School Economists Got it Wrong. Strong Antitrust Policy Boosts the Economy.
History shows robust antitrust enforcement helps promote a prosperous, fair, and balanced economy.
Read more...Austerity Raises Covid Deaths
Mortality and economic data show that stingy government spending and resistance to redistrbution have increased Covid health costs.
Read more...Utopian Socialism Brings About Toilet Paper Shortages Maybe In The Near Future, or A Short Ideological History of the Suez Canal
Why it’s socialists’ fault that that big ship is stuck in the Suez.
Read more...Scoring the $1.9 Trillion Stimulus Plan and Earlier Covid Relief Programs
How to do a better job of getting relief to those who need it.
Read more...The Full Case Against Ultra Low and Negative Interest Rates
Why unprecedentedly low and negative nterest rates will probably not stimulate demand and may even threaten financial stability.
Read more...The Long Term Damage of Economic Downturns
As the well off sail on, either unaffected by or profiting from Covid’s impact, for many, the economic damage is severe and lasting.
Read more...The Productivity of Working from Home: Evidence from Japan
A new study confirms others in concluding that productivity is lower when normally office-based employees work from home.
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