fiscal policy

Should Banks Be Stripped Of Their Ability To Create Money? A Referendum in Switzerland

June 6, 2018
There is no easy monetary fix for the problems of modern capitalist economies says Jo Michell who argues that deep problems in the economy cannot be solved by trying to control the money supply while nothing is stopping the government from ensuring money gets created for good purposes, including government services and infrastructure

Neoliberalism and the Rise of the Net Social Wage

February 9, 2018

A new paper from PERI finds that there is a sizable deviation in net social wage data in the 21st century. The study’s author, Katherine A. Moos, examines possible causes-such as healthcare inflation and unemployment-and aims to explain why neoliberal governments would tolerate a growing discrepancy between labor benefits and taxation

Why Bankers and Financiers Benefit from Low Inflation Policy

July 5, 2016

PERI’s Gerald Epstein explains why financial institutions like the IMF promote fiscal policy that reduces investment, economic growth, and employment

The European Central Bank’s War on Wages is Pushing Europe’s Economy to the Brink

April 2, 2014

Bill Black: The media has failed to report on the causes and possible solutions for Europe’s deflating economy

Wage Shares Fall in the US, Germany and Many Other Countries While Financial Shocks Hit Emerging Economies – Yilmaz Akyuz (2/2)

February 21, 2014

Economist, Yilmaz Akyuz on US & European crisis mismanagement and global imbalances.

Why Is The 2008 Crisis Taking So Long To Resolve? – Yilmaz Akyuz (1/2)

February 19, 2014

Economist Yilmaz Akyuz on how excessive reliance on the US Federal Reserve created more problems than it has solved

Economist: Record High Stock Prices Driven by Squeezing Workers’ Wages

December 2, 2013

Gerald Epstein: The media celebrates Dow 16,000, but the vast majority of stocks are owned by the top 1%

Taxing Corporate Profits will Force Investment

May 6, 2013
Heiner Flassbeck: Corporations are sitting on mountains of cash and are unwilling to invest in the real economy – only high taxes on profit will make them do so