Economics
Bill Mitchell: The transitory inflation conjecture gains even more data credence
International economic data suggests the supply drivers of inflation may be abating. Read the article HERE.
Economics
Economics
War and debt to rule: Interview with Michael Hudson
Mohsen Abdelmoumen interviews economist and anthropologist Michael Hudson on the history of debt and credit, modern economics and what an alternative monetary and financial system would look like. Cross-posted from Michael Hudson’s blog Mohsen Abdelmoumen: […]
Economics
Michael Roberts: The inflation conundrum
Mainstream economics doesn’t have an adequate answer to the question: ‘what causes inflation?’ Cross-posted from Michael Roberts’ blog In many previous posts, I have argued the current sharp rise in inflation rates in all the major […]
Austerity
Stephanie Kelton: UNCTAD warns of too much tightening
The trade and development department within the UN has published a report warning the advanced economies to “avoid austerity” and “revert course and avoid the temptation to try to bring down prices by relying on […]
Economics
Adam Tooze: Recession risk in a world in the grip of the global dollar cycle
Interest rates are rising like never before, and it’s the world’s poorest who will suffer most. Read the article HERE.
Economics
Grace Blakeley: Handouts for the rich, hardship for the rest
Analysis of “the bankers’ budget” in the UK. Read the article HERE.
Economics
George Kerevan: A marxist analysis of the new inflation
An in-depth perspective on the current inflation crisis, arguing that it is not fundamentally driven by short-term factors and instead is intrinsic to the key contradictions in present-day global capitalism. Thus, it is likely to […]
Economics
Marc Beckmann: The distributional effects of monetary policy
Eight main lessons distilled from an academic literature review on the nexus of inequality and monetary policy Cross-posted from Positive Money Europe Inequality has long been a foremost public concern, but not so for central […]
Economics
Bill Mitchell – Corporate profit greed is driving inflationary pressures
Corporations highly destructive market power is key to the inflation crisis. Read the article here.
Economics
Dean Baker: The Fed Should Not Allow Itself to Get Bullied into Bringing on a Recession
The recession drums bang loudly on both sides of the Atlantic Cross-posted from the CEPR blog. There is a loud and growing chorus demanding that the Fed follow a path of aggressive rate hikes, which […]