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  • Monthly Review Essays

About Nathan Tankus

Nathan Tankus (@NathanTankus) is Research Director at the Modern Money Network.
  • Rosemary's eviction 9/11/09 (Flickr: brads651)

    Suspending evictions is about saving landlords from themselves

    Originally published: Notes on the Crises on July 12, 2020 (more by Notes on the Crises)

    Millions of U.S. households are already facing desperate crises.

  • employment rates age 25-54 years old

    Congress is a month away from cutting the economy’s fiscal life support

    Originally published: Notes on the Crises on July 9, 2020 (more by Notes on the Crises)

    The most important economic problem the United States is facing is the failure to contain Coronavirus and the unethical decisions politicians have been making to reopen without the administrative capacity to limit the virus’s spread.

  • Monthly Review Monthly Review | Hyman Minsky at 100: Was Minsky a Communist?

    What are the three concurrent crises of the coronavirus depression?

    Originally published: Notes on the Crises on May 21, 2020 (more by Notes on the Crises)

    The Keynes crisis, the Minsky crisis and the Means crisis

  • Austerity (Photo: Flickr)

    Avoid austerity to prevent a state and local coronavirus depression

    Originally published: The Appeal on April 17, 2020 (more by The Appeal)  |

    Local budget cuts enacted a decade ago left states and cities dangerously unprepared for COVID-19. We shouldn’t make those same mistakes again.

  • The Federal Reserve's Coronavirus Crisis Actions, Explained (Part 5)

    The Federal Reserve’s Coronavirus crisis actions, explained (Part 5)

    Originally published: Notes on the Crises on April 11, 2020 (more by Notes on the Crises)

    Muni Purchases Are Finally Here

  • Wikipedia War bond - Wikipedia

    The Federal Reserve’s Coronavirus Crisis Actions, explained (Part 4)

    Originally published: Notes on the Crises on April 9, 2020 (more by Notes on the Crises)

    Ten days after the last central bank swap line announcement, the Federal Reserve followed up with an announcement of another facility meant to help a lower tier of central banks. In this facility the Federal Reserve would make a standing offer to temporarily purchase U.S. treasury securities from central banks (and supranational monetary institutions) and sell them back to them the following day.

  • Map

    Stanch the bleeding from local and state finances with local currencies

    Originally published: Notes on the Crises on April 6, 2020 (more by Notes on the Crises)

    At the risk of making it seem like central bank swap lines are the solution to every problem, a swap line for local and state governments is the perfect tool using the Federal Reserve’s existing legal authority and can facilitate supporting these local currencies.

  • Covid-19 Budget

    The Coronavirus depression requires a new approach to budgeting

    Originally published: Notes on the Crises on April 1, 2020 (more by Notes on the Crises)

    Congress recently passed a 1.5-1.7 Trillion dollar stimulus bill (as I wrote about last week, the reported headline number is including a useless accounting gimmick which provides no additional support to the U.S. economy). Part of the reason we can report such an exact number is congress budgets in exacts.Take a look at these two sections of the CARES Act, picked at random.

  • The Federal Reserve's Coronavirus Crisis Actions, Explained (Part 3)

    The Federal Reserve’s Coronavirus crisis actions, explained (Part 3)

    Originally published: Notes on the Crises on March 30, 2020 (more by Notes on the Crises)

    The International Aspects

  • The Federal Reserve's Coronavirus Crisis Actions, Explained (Part 2)

    The Federal Reserve’s Coronavirus crisis actions, explained (Part 2)

    Originally published: Notes on the Crises on March 26, 2020 (more by Notes on the Crises)

    Hear comes the corporate debt purchases.

  • Bucketeer - Alphabet Soup (Photo: Amazonaws.com)

    The Federal Reserve’s Coronavirus crisis actions, explained (Part 1)

    Originally published: Notes on the Crises on March 25, 2020 (more by Notes on the Crises)

    The Federal Reserve has taken an extraordinary amount of actions over the past two weeks (most of which have happened over the course of 8 days from March 15th to March 23rd) to calm financial markets and sustain the flow of credit to households and businesses to respond to the coming Coronavirus-induced depression.

  • MMT- Confusing a Political Idea with a New Economic Theory ... OppenheimerFunds

    Modern Monetary Theory (MMT)—A Response to Henwood

    Scott Ferguson and Nathan Tankus and Rohan Grey and Raúl Carrillo

    Neither a Job Guarantee nor a Green New Deal will be won without brave, strong social movements. When it comes to building these movements, we joyfully follow the leadership of more capable community organizers and politicians.

Monthly Review Essays

  • Extractivism in the Anthropocene
    John Bellamy Foster Dio Cramer

    Late Imperialism and the Expropriation of the Earth.

Lost & Found

  • End of Cold War Illusions
    Harry Magdoff F-16N Fighting Falcon

    In this reprint of the February 1994 “Notes from the Editors,” former MR editors Harry Magdoff and Paul M. Sweezy ask: “The United States could not have won a more decisive victory in the Cold War. Why, then, does it continue to act as though the Cold War is still on?”

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