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Rob Johnson appeared on the Background Briefing with Ian Masters to discuss working with Trumpsters, the source of their anguish, and important pathways to healing

Private equity firms have become major players in the healthcare industry. How has this happened and what are the results?

This paper argues that it is a mistake to dismiss secular demand stagnation as main cause of declining potential growth in the OECD.

This paper provides novel insights on the changing functional distribution of income in the post–war US economy.

Michael Sandel takes What Money Can’t Buy’s themes of markets and morals and applies them to an analysis of the rise of populism in the West.

Professor Tchen explores the many layers of “otherness” at work in America’s political economy

And heading where?

Past failures, present uncertainty, and a challenging political environment have vastly complicated the central bank’s task, says Institute President Rob Johnson

It is time for Greece to make a daring leap and adopt its own currency, says Ifo President Hans-Werner Sinn. “The drachma should be introduced immediately as a virtual currency,” Sinn said in Munich.

Chicago School founder Frank H. Knight had some prescient observations in the early 20th century.

What does America need?

How have the macroeconomic problems in the US blinded many participants and observers to the actual state of the American economy as the election approaches?

University of Cambridge professor and INET co-founder William Janeway discusses the crucial role that government has always played in generating technological innovation, how this role has been diminished in recent years, and the problems this lack of attention will cause for the US in the near future

“Panics are not needed for banking crises to have severe economic consequences,” says Emil Verner, the MIT professor who helped lead the study. “But when panics do occur, those tend to be the most severe episodes. Panics are an important amplification mechanism for banking crises, but not a necessary condition.” Indeed, in an ambitious piece of research, spanning 46 countries and going back to 1870, the study surveys banking crises that occurred with and without panics. When there is a panic and bank run, the research finds, a 30 percent decline in banking-sector equity predicts a 3.4 percent drop in real GDP (gross domestic product adjusted for inflation) after three years. But even without any creditor panic, a 30 percent decline in bank equity predicts a 2.7 percent drop in real GDP after three years.” — Peter Dizikes, MIT News

Peter Bofinger, an economist and former member of Germany’s Council of Economic Experts, talks to Rob about the economic crisis now facing Europe, how Modern Monetary Theory could address it, and how it differs from the Great Recession of 2008. Mentioned in the interview: https://www.youtube.com/watch?v=bNgQRs8nY4chttps://www.socialeurope.eu/coronavirus-crisis-now-is-the-hour-of-modern-monetary-theory