The old playbook is making a comeback. Democrats and Republics are closing in on a "debt" limit deal with the "Fiscal Responsibility Act"
The debt limit is destructive, duplicative, and dumb. That was the title of a post I wrote a few days after the US hit this self-imposed anachronism…
Last weekend, I wrote about Warren Mosler’s argument that the Fed’s rate hikes could be undermining its effort to bring down inflation. While Mosler is…
Biden Wants to Bring Down the Deficit. Powell Wants to Bring Down Inflation. Are Rate Hikes Undermining Both Goals?
Last week, Fed Chair Jerome Powell said, “the disinflationary process has begun.” Many breathed a sigh of relief even as Powell told us that the process…
Tomorrow morning, I’ll join CNBC’s Squawk Box to talk about a new effort to tax the rich. The segment will air at 7:50 ET. I’m not referring to the…
Economic analysis, research, and commentary using the lens of MMT
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