The dismal science
James Galbraith: The Dollar System in a Multi-Polar World
On the rise and decline of the dollar system.
Overheating Conditions Indicate High Probability of a US Recession
Larry Summers tells us a recession is coming....sometime....because the US is having too good a time job-wise.
Russia’s War Against Ukraine Might Persistently Shift Global Supply Chains
Economists are begining to grapple with the question of how the Russia-Ukraine war will reshape supply chains.
The IMF Connection with the Ukraine Crisis
You can't quite say the IMF is the root of all evil. But it sure made a lot of bad situations worse.
War or Peace, Barbarism or Hope: War Threatens World with Stagflation
A short hisory of stagflation and why it's a pressing risk now.
Stagflation Threat: Be Pragmatic, Not Dogmatic
More discussion of the current, misguided central bank use of interest rates to combat inflation, and what will probably become stagflation.
Productivity Dynamics of Working from Home
More on the debate over whether worker productivity takes a hit at home.
Corporate Legacy Debt, Inflation, and the Efficacy of Monetary Policy
Why high levels of corporate debt can make monetrary tightening less effective in controlling inflation.
Inflation Targeting Constrains Development
The rich have influenced most developing countries to prioritize inflation targeting in monetary policy instead of adopting bolder economic policies for growth, jobs and sustainable development.
Inflation Targeting Voodoo
Why central bank fixation with inflation targeting is dodgy to detrimental.