The Slack Wire

I'm as thrilled as anyone by Syriza's first week in government. The European bourgeoisie has declared war on social democracy, with...

Earlier this fall, I spent a pleasant few days at the 12th Post Keynesian Conference in Kansas City, including a long chat over beers with R...

(I started writing this post a couple weeks ago and gave up after it got unreasonably long. I don’t feel like finishing it, but rather than ...

Arjun and I have continued to work on our project on fiscal and monetary policy, which develops the simple -- but strangely overlooked [1] -...

So I've been reading Homer and Sylla's  History of Interest Rates . One of the many fascinating things I've learned, is that in ...

There's a common shorthand that makes "debt" and "borrowing" interchangeable. The question of why an economic unit h...

In comments to the previous post on fiscal policy, Steve Roth points to a  couple   posts  from his own (excellent) blog pointing to a simi...

Hyman Minsky famously asked, Can "it" happen again? No, he answered, it can't: A deep depression on the scale of the 1930s is...