From Promoting Economic Pluralism
When you damage the supply side of an economy, the result is inflation. This ought to be obvious. But forty years of monetarist orthodoxy seems to have rendered people unable …
Inflation is a supply-side problem Read More
Against a backdrop of unprecedented turmoil – the first major war in Europe in three decades, the highest inflation rates in decades and a rapidly worsening global food crisis – western leaders have met for two …
G7 and Nato summits lay bare deep and hostile divide between Russia and China and the west Read More
LONDON, June 29 (Reuters) – Britain’s economy is struggling under the strain of two major risks in the form of double-digit inflation and a possible recession, leaving the Bank of …
UK economy faces double threat of inflation surge, recession risk Read More
If you remember the 70s then you weren’t there. That was the oft-cited summary of the time as shrouded in a narcotic haze. I, however, do remember the 70s quite …
The 70s? Not again. Read More
Alexander Tziamalis and Yuan Wang point to sources behind ballooning inflation. The bad news: inflation is back in the public spotlight these days and rightly so. Inflation has kept on …
Blowing the house down Read More
Kat Johnston didn’t expect the pandemic to make her less stressed about her finances. After all, she temporarily lost her job at the library where she worked full time. But, …
Inflation is expected to remain high later this year even as the economy slows and layoffs rise Read More
The Bank of England has raised interest rates for the fifth time in a row to 1.25% and set the scene to act more “forcefully” ahead because of a mounting …
Fifth consecutive hike as interest rate raised to 1.25% by Bank of England Read More
Arnold Kling notes in a blog post that the recent issue of the Journal of Economic Literature, a prominent peer-reviewed econ journal, is largely sociology. He links to a different blog post by Florida State …
Economists Aren’t Doing Much Economics These Days Read More
There are few good things about living through a period with the highest inflation in four decades, but here’s one: It’s a chance to re-examine what happens in an economy …
Is ‘Greedflation’ Rewriting Economics, or Do Old Rules Still Apply? Read More
The UK economy is “grinding to a halt” as a tightening cost of living squeeze sends a chill through private sector activity, reveals a closely watched survey. Households are cutting …
UK economy is ‘grinding to a halt’ amid cost of living crisis Read More