Page 2 - Servaas Storm News Today

The Inflation Reduction Act does almost nothing to address inflation and will have only modest effects on energy transition in the USA.

Mark Ames' biting classic is a reminder that Larry Summers, like so many prominent economists, has become too big to fail.

How Manchin and Sinema got dirty energy goodies and financier breaks into the Inflation Reduction Act.

Is the Inflation Reduction Act good for your wallet? A climate bill in disguise? Landmark action or nothingburger?

Seeking reader input on preliminary hypotheses on why Russia is faring better than expected under the sanctions while the US is suffering.

The Fed doesn't need to hurt workers to curb inflation -- there are alternatives, says economist Gerald Epstein.

A well regarded paper by Fed resarchers challenges conventional views on the relationship between inflation and employment

Why having central banks as the inflation shock troops is not such a hot idea.

For the first time in a very long time, central bankers are coming under friendly fire as they lose control over some of the economic forces they themselves have helped to generate.

By Lars P. SyllServaas Storm’s has a recent article that is a marvellous final take down of the ridiculous aspirations of New-Classical-New-Keynesian macroeconomic modelling. DSGE models are worse than useless - and still, mainstream economists seem to be überimpressed by the ‘rigour’ brought to macroeconomics by New-Classical-New-Keynesian DSGE models, its rational expectations, and microfoundations!