Neoliberalism rests on the myth that “good” families can provide for their own without public support. COVID-19 may finally change all that. the conditions for the squeeze that families are currently experiencing were set long before the pandemic hit U.S. shores. The seeming impossibility of the current situation for American families is not an unfortunate […]
Modern Monetary Theory, explained
A very detailed walkthrough of the big new left economic idea. Modern Monetary Theory is having a moment. The theory, in brief, argues that countries that issue their own currencies can never “run out of money” the way people or businesses can. But what was once an obscure “heterodox” branch of economics has now become a major topic […]
Economics is quantum
Money and brains are both quantum phenomena – so it’s not surprising that economics is overdue for a quantum revolution ‘I’m not absolutely certain of my facts,’ wrote P G Wodehouse in his story ‘Jeeves and the Unbidden Guest’ (1925), ‘but I rather fancy it’s Shakespeare … who says that it’s always just when a […]