High Rates Drive India’s Public Debt. Austerity Will Drive India Off a Cliff
Guest Article by Advait Moharir
Newsletter
A collection of 101 posts
Is it Legal for the Federal Reserve to Provide State & Local Governments Unlimited Credit Lines?
Five months ago I wrote an article [https://www.crisesnotes.com/stanch-the-bleeding-from-local-and/] making the case that state and local governments should issue their own complementary currencies to stabilize their financial situations. In that
Mission Creep at the Federal Reserve? Or Mission Focus?
A Reply to Greg Ip
Low Interest Rates Don't Drive Market Concentration
A critical assessment of Atif Mian, Amir Sufi and Ernest Liu’s paper
The “Fiscal Cliffication” of Fiscal Policy is Incredibly Dangerous — and it's Not Going Away
How life on the edge of a cliff became the new normal for U.S. Fiscal Policy
My First Guardian Op Ed:Millions of Americans risk homelessness if the $600 unemployment benefit ends
Hello Readers, I’m excited to bring you my opinion piece in the Guardian on the urgency of reauthorizing the expired unemployment benefits. As you know, my ability to write for these broader
The Way People Talk About the Federal Reserve’s “Big” Balance Sheet is All Wrong
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
Where do profits come from?
A Guide to the Kalecki-Levy Profits Equation
State and Local Austerity is a Death Trap – Rip it Up and Start Again.
Toward an Alternative Fiscal Federalism [Guest Post by Philip Rocco]
Personal Business: A Matching Fundraiser
A Rare Interlude from Notes on the Crises
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Suspending Evictions is About Saving Landlords From Themselves
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.