Articles
Articles and analyses from the INET community on the key economic questions of our time.
Forget the Posturing – The Inflation Reduction Act May Work Better Than Many Expected
The IRA has the potential to rectify the imbalance between public benefit and private incentives
Oil and the Energy Crisis of the 1970s: A Reanalysis
An excerpt from Revolt of the Rich: How the Politics of the 1970s Widened America’s Class Divide by David N. Gibbs, published by Columbia University Press (2024)
The Fed’s “Chicken Run”: Why Sticking with High Rates Will Crash the Economy
In persisting with its high rates policy, the Fed is acting like James Dean in the famous “chicken run” auto race in Rebel Without a Cause.
Industrial Policy Is a Good Idea, but So Far We Don’t Have One
The American state has lost the capacity for concentrated and decisive effort at the forefront of technology and the associated science.
Overdraft Fees, Credit Card Late Fees, and the Lump of Profit Fallacy
Predetermined profit margins and prices hidden in the back end of a transaction are really just market failures.
Inflation and Power
Trump, Populism, and the Republican Establishment: Two Graphs From New Hampshire
This year’s New Hampshire primary testifies to the disintegration of the Republican Party
What’s the Fate of Social Security in a Brutally Unequal America?
White House contenders ignore root causes threatening the program, potentially worsened by cuts. Is it due to reliance on wealthy donors?
How GM’s $10-Billion Buyback May Ice Its EV Transition
Reindustrialization vs Financialization
Africa’s Crisis Is Also an Opportunity
“If we get our policy, politics, and institutions right, African economies and society could gain greater energy and food security, built on green competition and taking strong action on climate change.“ —Professor Chuks Okereke, Director of the Centre for Climate Change and Development at Alex Ekwueme Federal University
Theories of Economic Crises
In the Footsteps of Ptolemy: The ‘Science of Monetary Policy’ and the Inflation of 2021-2023
The impenetrability of this continuously expanding Ptolemaic New Keynesian paradigm is maddening