Midwest Flooding and Climate Change

By Lambert Strether of Corrente. This is a companion piece to yesterday’s “Midwest Flooding, the Corn and Soy Crops, and Knock-On Effects.” In that post, I did not address the planet in the room: climate…

Richard Murphy: For MMT (Long and Wonkish)

Yves here. Even though Richard Murphy is debunking some UK-based complaints (they don’t rise to the level of being critiques) about MMT, similar arguments come up in the US, so I thought his piece would…

Summer Reading List 2019

10 Books for Beach or Poolside This SummerA guidebook to life for college graduates, another work by two-time Pulitzer winner David McCullough and a meditation on thought and genius.Bloomberg, May 23, 2019      …

Fiscal austerity in Japan, by Scott Sumner

Because history is written by Keynesians, many people have a highly distorted view of fiscal policy.  They attribute the double dip Eurozone recession (2011-13) to fiscal austerity, whereas it was actually caused by an extremely…