Michael Roberts blog
Blogging from a Marxist economist
Recent Analysis
Pandemics: prevention before cure
There is now firm evidence of a strong link between environmental destruction and the increased emergence of deadly new diseases such as Covid-19. Indeed, increasing numbers of deadly new pandemics will afflict the planet if levels of deforestation and biodiversity loss continue at their current catastrophic rates. That is the conclusion of scientists who willContinue reading “Pandemics: prevention before cure”
Abenomics: a review
Over the weekend, Abe Shinzo announced that he was resigning as Japan’s prime minister. Last November, he became the country’s longest serving premier. He resigns amid the worst economic slump in Japan’s post-war history, caused by the coronavirus pandemic and the lockdowns. His popularity had plummeted due to a series of bribery and corruption scandalsContinue reading “Abenomics: a review”
The Fed in a hole
At the Kansas City Fed Jackson Hole symposium, the annual jamboree ‘think-tank’ for international central bankers, US Federal Reserve Chair Jay Powell announced the end of monetary policy as a tool to control inflation. His speech of just a few minutes completely dropped the monetarist theory of inflation as proposed by Chicago free market economistContinue reading “The Fed in a hole”
