Debt and Financial Crises: Will History Repeat Itself?
Unhappy families may all be different, but financial crises are pretty much the same, rooted in debt overhangs, and one has been brewing.
Read more...Category Archives: The dismal science
Social Insurance in a Time of Pandemic: A Proposal for the Government to Act as Buyer of Last Resort
It’s not hard operationally for the government to counter economic fallout from the pandemic. The hard part is ideological baggage.
Read more...MMT is a Political Problem: Part 1
How should MMT proponents advance their views?
Read more...Let’s Get Real. Economists Have a Women Problem
Lynn Parramore discusses another blindspot for most economists : their treatment of women. Happy International Women’s Day!
Read more...Housing Insecurity, Homelessness, and Populism: Evidence from the UK
Cutting subsidies for private rental housing did not do much to reduce overall spending or lower rents but caused a lot of pain.
Read more...Not All Keynesian Spending Is Equal
How “Keynesian” ideas regularly misrepresent Keynes.
Read more...Psychologist Explains Why Economists—and Liberals—Get Human Nature Wrong
Why moral psychology can help us see ourselves and each other more clearly than economists’ homo economicus.
Read more...Most Long-Term Growth Forecasts by Economics Researchers Biased Upwards
Forecasts tend to be biased upwards and involve significant uncertainty, even for economics researchers specialising in macroeconomics or economic growth.
Read more...Sanders Called JPMorgan’s CEO America’s ‘Biggest Corporate Socialist’ – Here’s Why He Has a Point
As Sanders becomes a formidable 2020 contender, demonizing socialism is back in style.
Read more...Rentier Capitalism: Great for Stocks, Lousy for Growth
An oddly neglected paper gives an idea of how much rentier capitalism has distorted the US economy.
Read more...Secular Stagnation: Demand Is Indeed the Culprit
Economists’ bad medicine is a significant factor in our present stagnation.
Read more...Michael Hudson on the History of Debt Cancellation, Austerity in Europe, January 2020
Michael Husdon reviews the key themes of his recent book, ……and Forgive Them Their Debts, and discusses German austerity.
Read more...How CEOs, Experts and Philosophers See the World’s Biggest Risks Differently
Trying to understand CEOs’ blinkered view of risks.
Read more...STATEMENT: House Budget Committee, “Reexamining the economic costs of debt”, Nov 20, 2019
It is hard to imagine a scenario in which rising deficits and the debt ratio will create a financial crisis, lead to government insolvency, generate high inflation, or trigger an attack by bond vigilantes.
Read more...Precarity: A Political Problem
‘Free market’ advocates claim that the rise of precarity was inevitable, as opposed to the result of political decisions.
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