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 outlets is made possible by paid subscriptions at Notes on the Crises. It is your support which
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 back in Part 1 of my series on the Federal Reserve’s Coronavirus actions [https://www.crisesnotes.
On Thursday [https://www.crisesnotes.com/congress-is-a-month-away-from-cutting/] I wrote about how congress needs to extend Federal Pandemic Unemployment Compensation (FPUC) or millions of households in the United States would be facing desperate crises. If anything, I understated how dire circumstances are. Millions of U.S. households are already facing desperate
> THREAD: I've decided to hold off my post on evictions to tomorrow morning so in the mean time I'm going to link to some posts that I think new readers may be interested. First up, we should suspend dividend and buybacks across the board. https:
On this substack I rely on Modern Monetary Theory (among other bodies of knowledge) to inform my analysis. Yet, I rarely explicitly write about MMT (for my own introduction to MMT and an overview of what it has to say about the current crisis, see my written remarks from a
