Bob Pollin: Modest Inflation Is Good for Workers
If inflation is linked to higher wages, that’s not bad for workers, says Bob Pollin of the Political Economy Research Institute in Amherst.
Read more...Category Archives: The dismal science
What if Large Businesses Are Really Macroeconomic Entities?
Mega businesses are a huuge problem. But what to do?
Read more...Slack in the Economy, Not Inflation, Should Be Bigger Worry
Despite fear-mongering about inflation, unemployment remains elevated and stimulus is needed to prevent a collapse in demand.
Read more...Michael Hudson on American as Absentee Landlord on The Greyzone: Biden Administration, New Cold War, Super Imperialism, Dollar Weaponization
Michael Hudson discusses geopolitics including currency power plays, global institutions like the IMF, the new Cold War, and Bill Gates
Read more...Why Rich Parents Have Rich Children
Looking at the channels through which the rich preserve their advantages across generations.
Read more...Michael Hudson Q&A in Webinar on 4000 Years of Money and Debt
The Q&A from a Michael Hudson talk on money, debt, and economic orthodoxy.
Read more...Webinar with Michael Hudson: A 4000-Year Perspective on Economy, Money and Debt
Michael Hudson gives a long historical account of the role of debt and money as a tool for promoting prosperity and political dominance.
Read more...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...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?
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