The U.S. dollar is widely used outside the United States. That has implications for Americans that need to be managed, creating a tradeoff between domestic macro stability and fiscal "sustainability".| theovershoot.co
In recent days, there has been a good deal of discussion in the business press and on economics Bluesky about the Atlanta Federal Reserve Bank’s “nowcast” of GDP for the first quarter of 2025. The suggestion is that the US may already be entering a recession.| J. W. Mason
Among the leading fantasies of the moment are that federal employment and spending are “out of control,” so drastic action is needed to put things back in order. These are lies. Some people who utt…| LBO News from Doug Henwood