Luke Kawa on the Macro Situation Right Now
Over the last several weeks, we've seen major developments in the macro situation. The vaccine rollout has accelerated. We've gotten a stimulus. The economic outlook has improved. And rates have risen...
22 Mar 202149min
Stephanie Kelton on How MMT Won the Fiscal Policy Debate
In a sense, Modern Monetary Theory has won. This is not because policy measures are necessarily in line with what MMT adherents would prescribe. Rather, the debate over economic policy, in particular ...
18 Mar 202153min
Did We Just Experience a Break in the Neoliberal Consensus?
For decades, the dominant economic philosophy of the United States has been that fiscal policy should be relatively inert, and that the Fed should be the primary driver of macroeconomic stabilization....
15 Mar 202158min
Introducing: Doubt
A few decades ago, nobody really questioned vaccines. They were viewed as a standard part of staying healthy and safe. Today, the number of people questioning vaccines risks prolonging a pandemic that...
12 Mar 20212min
Michael Pettis on Persistent Imbalances in Post-Pandemic China
By some measures, the Chinese economy did better in 2020 than just about anywhere else. For one thing, it actually grew last year. Also because of the country's success at virus containment, it return...
11 Mar 202156min
Why Music Back Catalogs Have Become a Red-Hot Asset Class
Bob Dylan did it last year. Shakira did it in January. More and more famous musicians are selling off the rights to their back catalogs to investors. But why now? Why is there so much demand for this ...
8 Mar 202140min
Coming Soon: The Pay Check Season 3
More than 150 years after the end of slavery in the U.S., the net worth of a typical white family is nearly six times greater than that of the average Black family. Season 3 of The Pay Check digs into...
5 Mar 20213min
Zoltan Pozsar on What Just Happened with the Treasury Market
The Treasury market just experienced what some might call a tantrum. Across the yield curve, we saw rates shoot up. And it's not even clear why it happened. There was no comment from a Fed official li...
4 Mar 202143min
