Category Archives: US economy

This category considers blogs that specifically analyse the US economy.

Central banks can sometimes generate higher inflation

I haven’t much time today with travel commitments coming up at later. But I filed this story away earlier in the week in my ‘nonsense’ list but with a note that it contained a lesson, which would help people understand … Read the rest of this entry »

Posted in Economics, Eurozone, UK Economy, US economy | 18 Comments

The Cyprus confiscation becomes the model for bank insolvency

I am still sifting through the documents from the recent G20 Summit in Brisbane to see what our esteemed leaders (not!) have planned as their next brilliant move to reinforce neo-liberal principles. One of the least talked about outcomes from … Read the rest of this entry »

Posted in Economics, Eurozone, US economy | 33 Comments

The loaded language of austerity – but all the sinners are saints!

The US National Institute of Justice tells us that – Recidivism is “is one of the most fundamental concepts in criminal justice. It refers to a person’s relapse into criminal behavior, often after the person receives sanctions or undergoes intervention … Read the rest of this entry »

Posted in Eurozone, US economy | 8 Comments

Back to 1917 – the wealth distribution in the US

The current evolution of Capitalism is taking the world back to where it was in the early C20th, before trade unions were strong enough to protect workers’ rights, before central governments were willing to mediate the class struggle and step … Read the rest of this entry »

Posted in Economics, Labour costs, US economy | 11 Comments

The secular stagnation hoax

Last year, the concept of secular stagnation was reintroduced into the economics lexicon as a way of explaining the lack of growth in advanced nations. Apparently, we were facing a long-term future of low growth and elevated levels of unemployment … Read the rest of this entry »

Posted in Economics, Eurozone, Job Guarantee, US economy | 27 Comments

The case of the financial commentator who turned into a banana

Today, I am writing about the mysterious case of the financial commentator who turned into a banana. It happened around 4.5 years ago and has left a disturbing trail of comedic predictions. The person in question still looks a little … Read the rest of this entry »

Posted in Economics, Eurozone, US economy | 10 Comments

Still sinning … a German economist who cannot face facts

German economist Hans-Werner Sinn, who has been implacably opposed to the Eurozone bailouts and so-called debt mutualisation is at it again with an article in the UK Guardian yesterday (October 22, 2014) – Europe can learn from the US and … Read the rest of this entry »

Posted in Eurozone, US economy | 13 Comments

US labour market beset by massive job shortages

There was an interesting piece of analysis presented on the US Economic Policy Institute (EPI) site a few weeks ago – Labor Market Weakness Is Still not due to Workers Lacking the Right Skills – which showed the “the number … Read the rest of this entry »

Posted in Labour Force, US economy | 5 Comments

Direct central bank purchases of government debt

There was a recently published Federal Reserve Bank of New York Staff Report – Direct Purchases of U.S. Treasury Securities by Federal Reserve Banks – by Kenneth D. Garbade, which recounts the way the central bank in the US could … Read the rest of this entry »

Posted in Economics, US economy | 23 Comments

Yet another solution for the Eurozone

The basis of a fiat currency, which is issued under monopoly conditions by the government and has no intrinsic value (unlike say gold or silver currencies) is that it is the only unit that the non-government sector can use to … Read the rest of this entry »

Posted in Eurozone, US economy | 10 Comments