A constant discussion in central banking circles revolves around the Federal Reserve’s “large balance sheet”. I discussed the issues that emerged last September — usually referred to as “repo madness” — all the way back in Part 1 of my series on the Federal Reserve’
A Guide to the Kalecki-Levy Profits Equation
Toward an Alternative Fiscal Federalism [Guest Post by Philip Rocco]
A Rare Interlude from Notes on the Crises
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On Thursday [https://www.crisesnotes.com/congress-is-a-month-away-from-cutting/] I wrote about how congress needs to extend Federal Pandemic Unemployment Compensation (FPUC) or millions of households in the United States would be facing desperate crises. If anything, I understated how dire circumstances are. Millions of U.
> THREAD: I've decided to hold off my post on evictions to tomorrow morning so in the mean time I'm going to link to some posts that I think new readers may be interested. First up, we should suspend dividend
This Can’t Be Allowed To Happen
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On this substack I rely on Modern Monetary Theory (among other bodies of knowledge) to inform my analysis. Yet, I rarely explicitly write about MMT (for my own introduction to MMT and an overview of what it has to say about the current crisis,
My Modern Money Network Colleague’s take on Facebook’s Proposed Global Currency
Analyzing Proposals from Timothy Geithner, Jason Furman and … Glenn Hubbard