Hiking Interest Rates Protects Financial Assets of the 1% at Workers' Expense
The Fed doesn't need to hurt workers to curb inflation -- there are alternatives, says economist Gerald Epstein.
Source: truthout.org
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The Fed Tackles Kalecki | naked capitalism
A well regarded paper by Fed resarchers challenges conventional views on the relationship between inflation and employment
Source: nakedcapitalism.com
Can the Fed Kill This Inflation Without Killing Too Many Other Things First?
Why having central banks as the inflation shock troops is not such a hot idea.
Source: nakedcapitalism.com
After Decades of God-like Omnipotence, Central Bankers Are Finally Brought Back Down to Earth
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.
Source: nakedcapitalism.com
'New Keynesian' Macroeconomics - Worse Than Useless
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!
Source: econintersect.com