Category Archives: US economy

This category considers blogs that specifically analyse the US economy.

Fiscal space has nothing to do with public debt ratios or the size of deficits

The Project Syndicate is held out as an independent, quality source of Op Ed discussion. When you scan through the economists that contribute you see quite a pattern and it is the anathema of ‘independent’. There is really no commentary … Read the rest of this entry »

Posted in Central banking, Debriefing 101, Fiscal Statements, US economy | 34 Comments

US growth surprise will not last

Last Friday July 27, 2018), the US Bureau of Economic Analysis published their latest national accounts data – Gross Domestic Product: Second Quarter 2018 (Advance Estimate), which tells us that the annualised real GDP growth rate for the US was … Read the rest of this entry »

Posted in National Accounts, US economy | 4 Comments

UBI advocates ignore the dynamic efficiencies of full employment

I have written about the concept of dynamic efficiency before. The most recent blog post on this theme was – The ‘truth sandwich’ and the impacts of neoliberalism (June 19, 2018) – which examined how social mobility across generations has … Read the rest of this entry »

Posted in Japan, Job Guarantee, Reclaim the State, US economy | 13 Comments

The neoliberal ‘progressives’ and their bankster mates are becoming rattled

You know, an Italian won the British Open golf championship yesterday (the first Italian to ever win a golf major) because of the uncertainty surrounding Brexit negotiations. The causality is impeccable. I am sure about that, although it might take … Read the rest of this entry »

Posted in Central banking, Fiscal Statements, Reclaim the State, US economy | 22 Comments

US labour market – muddling along and real wages growth goes negative

On July 6, 2018, the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – June 2018 – which showed that total non-farm employment from the payroll survey rose by 213,000 and the … Read the rest of this entry »

Posted in Labour Force, US economy | 1 Comment

Employer groups in Australia lied about the impacts of penalty rate cuts

Sunday (July 1, 2018) was a very sad day in Australia because it marked the second phase of the cuts to penalty rates for workers in the lowest paid sectors of the Economy. The Fair Work Commission (FWC), which is … Read the rest of this entry »

Posted in Labour Force, US economy | 1 Comment

We can do something about neoliberalism

It is Wednesday, so just a (relatively) short blog post today. I am using the time today to further scope out the material and logic for my next book with Thomas Fazi, which we hope to publish sometime in 2019. … Read the rest of this entry »

Posted in Demise of the Left, Eurozone, Reclaim the State, US economy | 8 Comments

How to distort the Brexit debate – exclude significant factors!

The Centre for European Reform, which must have little to do given the snail pace of so-called ‘reform’ that goes on in Europe, released a report over the weekend (June 23, 2018) – What’s the cost of Brexit so far? … Read the rest of this entry »

Posted in Britain, Canada, Eurozone, Japan, UK Economy, US economy | 13 Comments

US labour market tepid – there is plenty of scope fiscal expansion

On May 4, 2018, the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – April 2018 – which showed that total non-farm employment from the payroll survey rose by just 164,000 in … Read the rest of this entry »

Posted in Labour Force, US economy | 12 Comments

The distinguished economists just embarrass themselves

People are allowed to change their opinions or assessments in the light of new evidence. Diametric changes of position are fine and one should not be pilloried for making such a shift in outlook. Quite the contrary. But when the … Read the rest of this entry »

Posted in Fiscal Statements, US economy | 37 Comments