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Eight years after the 2008 crisis the global economy is still stuck with low growth, too low inflation, and rising debt burdens. Massive monetary stimulus has failed to generate adequate demand, and some commentators suggest that we are “out of ammunition” with which to counter deflationary pressures.

There is a banking crisis. Again. Banking regulators were asleep at the switch. Again.

More on substance, coherence, and relevance in the Eurozone debate.

What have we learned about the American political economy from the crisis and its aftermath?

When segregationists fought against school integration, libertarian economist James Buchanan saw an opportunity for his private education plan

The destruction of trust is not an accident.

Five lessons from the last crisis — for managing the next one

A recent e-mail conversation I had with Harro Maas concerning one of my latest drafts (shameless self-promotion) made me buy and read Naomi Oreskes and Erik Conway’s, Merchants of Doubts.

The $48 Billion Stock-Option Package and its Implications for the EV Transition

The University of Chicago is well-known for as the place where a famous group of economists, including Milton Friedman, Georges Stigler, Gary Becker, among others, developed a method for analyzing economic facts based on Marshallian price theory, a vision of the evolution of macroeconomic aggregates called monetarism, and an approach to individual liberties and the role of the state known as (neo)liberalism.

DeepSeek’s appearance is changing the AI landscape in more ways than we might think.

The $1.9 trillion stimulus should be large because the need is large

The re-emergence of inflation threw the ‘science of monetary policy’ off the rails. Do the new tweaks to the theory work?

INET interviews Luigi Pasinetti