Ever since the era of risk free Zero Interest Rate Policy began with the Great Financial Crisis, there have been a number of different arguments which have popped up in the mainstream economic
Guest Article by Advait Moharir
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
A Reply to Greg Ip
A critical assessment of Atif Mian, Amir Sufi and Ernest Liu’s paper
How life on the edge of a cliff became the new normal for U.S. Fiscal Policy
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
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
A Guide to the Kalecki-Levy Profits Equation
Toward an Alternative Fiscal Federalism [Guest Post by Philip Rocco]
A Rare Interlude from Notes on the Crises
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