"Jayati Ghosh & Kanchana N. Ruwanpura think the government’s attempt to resolve the balance-of-payments crisis through austerity will backfire."

"Daniel Gros uses price and wage data to determine whether recent shocks have hit lower-income groups as hard as feared."

>"The major stocks impacted included Morgan Stanley, Verizon, AT&T, Nike and McDonald's, according to the NYSE's website."

>"India is set to overtake Japan and Germany to become the world's third-largest economy, according to S&P Global and Morgan Stanley."

"Non-fungible tokens don’t have to be more than niche to have a big impact on the economics of art, says RMIT's Chris Berg."

During the twentieth century, Mexican leaders shaped international institutions by demanding economic redistribution from wealthy countries to the Global South. But the system _...Read More_

"Lawmakers agreed to issue stimulus payments of $600 and distribute a federal unemployment benefit of $300 for 11 weeks. But that money will take time to start arriving."

"People who have read this book consistently report that they are shocked, astonished, and often infuriated by it."

"There are two reasons senators should vote down Judy Shelton’s nomination to the Federal Reserve. The first is her long record, and the second is her recent sprint away from it."

"WASHINGTON—House Speaker Nancy Pelosi (D., Calif.) signaled Thursday she wouldn’t support a stand-alone airline relief bill without a _...Read More_

Distributors that are struggling during the COVID-19 crisis may look to the last recession for strategies for dealing with downturn, but the current situation is unique in many ways—and the stakes are far higher. In this article, we lay out _...Read More_

The UK inflation rate fell sharply to 0.2% as Eat Out to Help Out scheme pushed down restaurant prices.

Australian PM suspends extradition treaty, extends visas for Hong Kong citizens

Jehu on MMT, privatisation and state fascism. 'Capitalists need someplace to park their excess capital and the state provides this service by running deficits. The state then pays interest on the debt, which adds to the profits of the _...Read More_

Breaking: The Fed cut its benchmark rate by a half percentage point, delivering a booster shot to stem potential economic disruptions from the coronavirus.