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A critical reappraisal of the case in favor of monetary tightening pressed by inflation hawks is overdue.

The current paper returns to the key questions of wages and incomes and how wealth effects cripple reliance on interest rates to control inflation.

Why the E-DSGE Framework Is Not Fit for Purpose and What to Do About It

Are there alternative, less socially costly, ways to bring inflation down?

Like the Great Depression and the stagflation of the ’70s, the anemic growth of the U.S. economy can’t be understood or remedied without changes in economists’ thinking

The country’s flawed insurance model, driven by greed, leads to inefficiency, inequality, and denied care - a colossal scam that has sparked fury across the nation.

Any use of money-financed fiscal expansion as a policy tool will require rules to ensure discipline and avoid excess

Cryptocurrency was supposed to change the economic outlook for Black America. For many, it made things worse.

Money in politics is not a strictly American phenomenon. In France, despite strong campaign finance laws, campaign donations have a direct influence on legislative and municipal election results.

The financial crisis of 2008 was not a run of the mill recession.

This research project develops a “Money View” analysis of the recent evolution of China’s financial system.

Policy hype but vintage fiscal economics from Godley, Lerner, and Keynes

Modern Monetary Theory is problematic. Launching large scale fiscal programs that rely on it would be skating on thin ice.

The Federal Reserve is experiencing something new in its history: sustained and sizable operating losses. These losses—currently running at more than $100 billion a year on an annualized basis—stem largely from the sharp rise in short-term interest rates, which has increased the interest the Fed pays on bank reserves while the income from its long-term securities portfolio remains comparatively low.