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

Debt, Austerity, and the New EU Rules: Why Italy’s “Reform” Path Still Leads Nowhere
Europe’s revamped fiscal rules promise discipline and stability, but Italy’s numbers tell a different story. Once realistic multipliers and hysteresis are built in, consolidation pushes debt up, growth down, and recessionary pressure outwards across the eurozone, hardly a recipe for sustainability.

INET Warned Over 2 Years Ago: Spending by the Wealthy Is Distorting the Economy
The idea is finally catching on, but many still miss how deeply it’s driving inflation, masking wage losses, and complicating recovery.

Not the Fix—The Tell: The Meaning of a $100,000 H-1B Fee
The new $100,000 H-1B fee tacitly acknowledges what early policy architects signaled: expanding temporary tech visas can depress domestic wages. By bringing the fully loaded cost of a new H1B hire closer to what the local market would require to recruit and retain comparable talent, it narrows the wedge between visa-enabled staffing and hiring Americans at market rates.

Engendering Pluralism: How Gender Diversity Can Transform Economics
How women economists expand orientations and perspectives that can transform economics into a pluralistic, critically engaged, and socially responsive discipline.

Labor Day 2025: The Great Crash (of the Economists)
Contrary to what many economic models suggest, salaries aren’t constantly recalibrated based on skills or technology. They follow the economy and politics—and common sense: hire when needed, promote from within, and slow hiring when budgets tighten.

Ex-CISA Official Warns: We’ve Gutted Cybersecurity—A Gift to Iran, China and Russia
Dr. David Mussington, cybersecurity expert with two decades of experience, reveals why the clock is ticking on U.S. vulnerabilities under Trump.

The Inflation Reduction Act’s Impact on Pharmaceutical Innovation: What Real Evidence Shows
Has the Inflation Reduction Act hindered pharmaceutical innovation? Evidence shows that the pharma industry can strategically manage disruptive change.
Europe’s Gas Roller Coaster

Currency Wars, Social Class, and the Republican Dilemma Over Medicaid
Faced with a shrinking list of options to trim the budget, Republicans are now eyeing Medicaid - but will that fly among Trump supporters?

Distributional and Macroeconomic Effects of Trump 2.0
The most likely outcome of the second Trump administration is a recession and an exacerbation of inequalities, and a further degradation of the living standards of working and middle-class Americans.
Trade in the Time of Trump

Charles Kindleberger, the Dollar System, and Financial Crises
A review of Perry Mehrling’s book, Money and Empire: Charles P. Kindleberger and the Dollar System, and an exploration Mehrling’s discussion of the 1982 correspondence between Charles Kindleberger and Ben Bernanke examining their theories concerning financial crises.