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Aggregate Demand

Why the Great Malaise of the World Economy Continues in 2016

Joseph E. Stiglitz | Posted 01.04.2016 | World
Joseph E. Stiglitz

The only cure for the world's malaise is an increase in aggregate demand. Far-reaching redistribution of income would help, as would deep reform of our financial system -- not just to prevent it from imposing harm on the rest of us, but also to get banks and other financial institutions to do what they are supposed to do: match long-term savings to long-term investment needs.

Three Rules of Thumb to Raise Wages and Reduce Inequality

Sabina Dewan | Posted 09.14.2016 | Politics
Sabina Dewan

Case studies from Brazil to China, from the United States to Germany, reveal that to square higher wages and competitiveness, governments must adhere to three rules of thumb.

A Simple Guide to "Secular Stagnation"

Stephen G. Cecchetti | Posted 06.07.2015 | Business
Stephen G. Cecchetti

Since its cyclical peak in 2007 - just prior to the financial crisis - the U.S. economy has grown by only 1.2% at an annual rate. This is down sharply from the 3.0% pace that had prevailed since 1990. The resulting cumulative shortfall now exceeds $2 trillion, or more than $6,500 per capita.

Jason Linkins

Romneynomics And The Problem Of Aggregate Demand Denialism | Jason Linkins | Posted 06.07.2012 | Politics

Over at the Plum Line, Greg Sargent -- in an effort to touch off some amount of grappling with the cumulative effects of Mitt Romney's economic policy...

Deficit Reduction Super Committee Fighting the Battle of New Orleans

Warren Mosler | Posted 12.04.2011 | Politics
Warren Mosler

I realize it's not a perfect analogy, but due to poor communications, the battle of New Orleans was fought well after the War of 1812 had ended. Like...

The Speech That President Obama Should Make

Warren Mosler | Posted 11.06.2011 | Politics
Warren Mosler

This is the speech I would make if I were President Obama.

The Latest Mortgage Foreclosure Mess is just another Financial Crisis.

Warren Mosler | Posted 05.25.2011 | Business
Warren Mosler

The current mortgage crisis is not a real economic crisis.There have been no houses that have been actually destroyed - there has been no fire, no hur...