fiscal policy

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

June 6, 2018
A three part series with economist Jo Michell commenting on initiatives to strip banks of their ability to create money as a Swiss National Referendum on a proposal to do so stirs international debate on this topic of relevance to all modern capitalist societies June 2018

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

Why Is the 2006 Crisis Taking So Long To Resolve?

February 21, 2014
A two part series with Yilmaz Akyüz who says crisis management in the US and Europe is causing more problems that it is solving as two major policy shortcomings put excessive reliance on monetary policy in managing the 2008 financial crisis

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