Articles
Articles and analyses from the INET community on the key economic questions of our time.

Sovereign Money is not Debt: Why Central bank Accounting Must Change
Central bank money is still accounted for as debt, a legacy of an earlier monetary order. Treating sovereign money as equity would clarify central bank balance sheets, strengthen institutional transparency, and better prepare monetary systems for future digital-era design choices.

Easing Capital, Reviving Risk: The Quiet Return of Too Big to Fail
Less capital, more risk, familiar consequences. The latest move on big-bank rules suggests that too big to fail was never solved, only deferred.

Why Chase Taylor Swift? Stop the Corporate Looting That Makes Billionaires.
A case for tackling the corporate machinery driving extreme wealth, and the reforms that could truly curb it.
Education of a Grandmaster

Venezuela: The Hidden Workforce Behind Oil, AI, and a Fragile Nation
Venezuela is caught between economic collapse, foreign intervention, and the invisible machinery of the global economy.

Trillions for War, Pennies for People: How Soaring Military Spending Fails Americans
William Hartung and Ben Freeman, authors of Trillion Dollar War Machine, talk with INET’s Lynn Parramore about America’s runaway defense spending and its increasingly alarming human toll

Mamdani’s Win and the Price of Urban Life: Why City Voters Are Seeking Change
The soaring costs of city life appear to be sending urban voters toward progressive leaders who promise relief, both in the U.S. and globally.

Distribution Matters: Flawed Welfare Foundations in Classic Free Trade Arguments
The argument that free trade is always the correct policy is based on a flawed welfare analysis. Free trade results in winners and losers and economists are not competent to analyze the impact on well-being as a whole or the spillover social consequences of the discontent of the losers.

Why the World Bank’s Governance Reform Is Stuck – and How to Break the Stalemate
We examine the World Bank’s protracted and conflicted attempts at shareholding reform from 2008 to the present, situating them within the broader context of multipolarity and intensifying geopolitical rivalries.

Economist Chris Hughes on the Fed, Crypto, and the Danger of Trump’s Vision
Hughes discusses his recent book Marketcrafters, and how markets are deliberately built with outcomes that can serve the public good – or not. He uses this lens to unpack today’s economic flashpoints, from the Fed to crypto to climate.

Why Inflation Sticks Around: The Social Roots of Price Persistence
Inflation persists not just because of spending or interest rates, but because underlying social conflicts over income, expectations, and power remain unresolved.