The Slack Wire

I have a working paper up at the Roosevelt Institute, as part of their new Financialization Project . Much of the content will be familiar...

My view on the euro is that it has become a project to restore the rule of money over humanity. To move us back toward a world where in eve...

Over the past week, it's become clear that the real leverage the European authorities have over Greece is via the banking system. What d...

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

The Syriza victory as a Rorschach test for U.S. politicians: Mayor De Blasio and President Obama both called Tsipras this morning to congr...

There is no long run.  This  short note from the Fed  suggests that the failure of output to return to its earlier trend following the Great...

The NAIRU is back. Here's Justin Wolfers in the Times the other day: My colleague Neil Irwin wrote about this slow wage growth as if ...

I write here frequently about "the money view" -- the idea that we need to see economic relationships as a system of money flows a...

Here is the opening passage of a pamphlet published by the German central bank in 1900, on the 25th anniversary of its founding: The newly...

Here's my brother on MSNBC talking about Ferguson. He makes an important point: In the vast majority of police shootings a grand jury is...