Category Archives: Keynesian economics

How Do We Recover From This War—Part II?

Answering the Kennedys’ Call MarketWatch “Every human society must justify its inequalities: unless reasons for them are found, the whole political and social edifice stands in danger of collapse, says economist Thomas Piketty in his latest book, “Capital and Ideology” … Continue reading

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“It’s Not About Me…”

Popular Economics Weekly FRED New York Governor Andrew Cuomo is sounding like President Roosevelt when he intones, “It’s not about me, it’s about we.” in his morning COVID-19 press conferences. President Roosevelt most famously said, “The only thing we have … Continue reading

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Collaboration vs. Confrontation—Who Wins?

Financial FAQs theverge.com Is the era of trickle-down economics, of Reagonomics that saw so much wealth redistributed to the top 1 percent, finally ending? Yes, if we want to really ‘cure’ the pandemic decimating the U.S. and world economies, because … Continue reading

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When Will it End?

Popular Economics Weekly COVID-19 Tracking Project/Calculated Risk When will the pandemic end and recovery begin, is the question asked of every expert and non-expert.  Foremost of the experts is former Federal Reserve Chairman Janet Yellen who in a recent CNBC … Continue reading

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Might We Have More Than One Pandemic?

Popular Economics Weekly Wrightson/ICAP Yes, says behavioral economist Robert Shiller, who won his Nobel prize for the study of human behavior in financial markets. Why? Financial market investors are panicking because of the COVID-19 pandemic, for starters, which could affect … Continue reading

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The Cure Has To Be Worse Than the Problem

Financial FAQs Federal Reserve President Trump on Sunday announced that he was extending his administrations guidelines on social distancing during the COVID-19 pandemic to April 30. He seems to have taken the recommendation of his top scientific advisors Drs. Fauci … Continue reading

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The Coronavirus—A New World War

Popular Economics Weekly Conference Board Nobel laureate Paul Krugman has said it might take an alien invasion to bring Americans together again to counter the threat of another economic downturn possibly as great as the Great Depression. Well, the new … Continue reading

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Why Do We Need a (new) New Deal?

Financial FAQs Amazon COVID-19 has finally done it. The new bi-partisan legislation working through congress that apportions money to the people and businesses that really need it—working (salaried) folk and small businesses with less access to credit—tell us why we … Continue reading

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Has the Recession Begun?

Popular Economics Weekly Wikipedia It might not matter when the so-called infection curve begins to flatten, or the epidemic “washes away”, as President Trump has said. The economic damage has already been done, due in part to the lack of … Continue reading

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How Do We Fight COVID-19?

Popular Economics Weekly St.LouisFRED Economists are beginning to predict the worst due to the COVID-19 outbreak that has become a worldwide pandemic.  Former Fed Vice-Chairman Alan Blinder said recently on CNBC that a recession may have already begun this March; … Continue reading

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