By Michael Roberts This review of a new book is in two parts as there is much to say. Here is the first part. Trade wars
Category: Economics Archive
By Michael Roberts Stephanie Kelton is professor of economics and public policy at Stony Brook University, a former Chief Economist on the U.S. Senate Budget Committee
by Michael Roberts The recent release of the US jobs data for May, which apparently showed a reduction in the unemployment rate from April, sparked
By Michael Roberts Last week’s speech by US Federal Reserve Chair, Jay Powell, was truly shocking. Powell told his audience of economists that “The scope and speed
By Michael Roberts I have mentioned many times on this blog that rising global debt reduces the ability of capitalist economies to avoid slumps and
By Michael Roberts Optimism reigns in global stock markets, particularly in the US. After falling around 30% when the lockdowns to contain COVID-19 virus pandemic
By Michael Roberts On Thursday night, EU leaders again failed to agree on how to provide proper fiscal support for hard-hit member states to cope
By Michael Roberts The coronavirus pandemic marks the end of longest US economic expansion on record, and it will feature sharpest economic contraction since WWII.
By Michael Roberts There are now two billion people across the world living under some form of lockdown as a result of the coronavirus pandemic.
By Michael Roberts If all country pandemics were the same, then the figure in the graph (left) would show how this pandemic will come to
