Political Economy

I was thinking about this topic this morning and I wanted to run it by you. The genesis of it all was an interview I did with Rohan Grey and Kevin Muir on Real Vision regarding MMT. And one conclusion I drew - partially motivated by the…

This is a follow-up to my subscriber post from earlier today on the US economy. For those of you who are not paying subscribers, let me summarize the post by saying I think the US economy is slowing but not in a recession. Nevertheless, I…

None of the metrics I look at are screaming recession right now. In fact, for the US, some of the data is improving. Nevertheless, there is reason to be concerned about the state of the US economy in mid-2019 - so much so that my base case…

In the US, we are officially in the longest expansion of all time. And, as yet, there are no definitive indicators I can see that it will end in short order. So I remain hopeful, if cautious about the potential for the US economy to avoid…

Let me follow up this morning's general post with some longer term thoughts here via the Patreon platform. And while I want to make some geopolitical comments, let me look at this mostly from a markets perspective. I am once again thinking…

I have been troubled by the lack of policy space in Europe for some time now, particularly as it concerns Italy. But this is coming to a head for me this morning, with the German government auctioning 10-year paper at 24 basis points below…

The latest jobs report out of the US was relatively poor. While the comprehensive U-6 unemployment rate went down to the lowest since 2000, other data points suggested the labor market is topping. And with bond markets already predicting a…

I am sitting here diving into a brand new copy of a book - Progress and Poverty - that was written 140 years ago, in 1879. And it occurred to me I should write you about it because the ideas in this book are as relevant to the 21st century…

By Marshall Auerback This post was originally published on AlterNet The breakdown in the Sino-U.S. trade talks has led a number of commentators to suggest that America’s “unipolar moment” of post-Cold War preeminence is over, as…

Quick note here Neutral Fiscal Policy I mentioned 'augmented fiscal stabilizers' and a neutral fiscal policy in the last message. And subsequently, I thought I should link out to a piece I published on these topics two years ago. Read that…