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...Category Archives: The dismal science
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.
Read more...You’re Living in a World Wrought by Central Banks. Notice Anything Wrong?
Nomi Prins warns that central banks’ strategies are destroying the real economy, worsening inequality, and creating societal chaos.
Read more...Repairing a Fractured World Economy?
Richard Kozul-Wright describes the current world economic disorder, and discusses possibilities and limits of effective regional responses
Read more...Limits to Growth: Inconvenient Truth of Our Times
Before the first UN environmental summit, The Limits to Growth showed Earth’s finite resources cannot support ever-growing human consumption.
Read more...Real Progressives Live with Michael Hudson: The Destiny of Civilization
Michael Hudson explains how financial capitalism won the struggle with industrial capitalism and gave rentiers the upper hand.
Read more...The Destiny of Civilization: An Interview with Michael Hudson on Economic Development, Rentierism, Debt, China
Another tour de force with Michael Hudson, covering development, rentierism, economic narratives, debt dynamics, and the rise of China.
Read more...Stop Worshiping Central Banks
Preoccupied with ‘credibility’ and reputations, central banks are again driving the world into recession, financial turmoil and debt crises.
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