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  • Monthly Review Essays
  • | Rosemarys eviction 91109 Flickr brads651 | MR Online

    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 2554 years old | MR Online

    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 | MR Online

    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

  • | The Federal Reserves Coronavirus Crisis Actions Explained Part 5 | MR Online

    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 | MR Online

    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 | MR Online

    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.

  • | Covid19 Budget | MR Online

    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 Reserves Coronavirus Crisis Actions Explained Part 3 | MR Online

    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 Reserves Coronavirus Crisis Actions Explained Part 2 | MR Online

    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 Amazonawscom | MR Online

    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.

Monthly Review Essays

  • The Obama Line, Samantha Power, and U.S. Intervention in West Africa During the Ebola Epidemic
    Jean-Philippe Stone | © UN PhotoMartine Perret | CC BYNCND 20 | MR Online

    December 2013 marked the beginning of the worst Ebola outbreak in history. Ebola, a severe hemorrhagic virus which causes muscle and joint pain, diarrhea, vomiting, and bleeding, spread from Guinean forests to the capitals of Liberia and Sierra Leone by the summer of 2014.

Lost & Found

  • Russia and the Ukraine crisis: The Eurasian Project in conflict with the triad imperialist policies
    Samir Amin | State flag of Ukraine behind a wall of anonymous protesters in Kyiv Ukraine | MR Online

    We wanted to draw readers attention to this piece by Samir Amin, which was written at the time of the Maidan Coup in 2014. —Eds. 1. The current global stage is dominated by the attempt of historical centers of imperialism (the U.S., Western and Central Europe, Japan—hereafter called “the Triad”) to maintain their exclusive control […]

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