James H. Nolt

James H. Nolt is a Senior Fellow at the World Policy Institute and author of "International Political Economy."

The Trade-Off Between Stocks and Bonds

Stocks (equity) and bonds (debt) are the two major long-term financial assets typically held by investors. It is common knowledge ...

Viewpoints August 22, 2018
The Myth of All-Powerful Central Banks

If you take a standard economics course, such as macroeconomics or money and banking, you will learn that ...

Economy August 7, 2018
How Easy Credit Created the Great Crash

To understand how economic crises begin, let’s explore one that has become iconic: the great stock-market crash of ...

Viewpoints August 1, 2018
The History of Globalization

“Globalization” is a popular term for what is happening to the economy, and it is often treated as ...

Viewpoints July 2, 2018
The Money Issue

Private debt tends to grow faster than the overall economy. As debt grows relative to GDP, inequality increases ...

Viewpoints May 11, 2018
From Production to the Market

People do not know what they might buy until they see what has been produced and brought to ...

Viewpoints May 4, 2018
Where Does Economic Demand Come From?

Every modern microeconomic textbook starts with the demand curve, and even the media and politicians talk about aggregate ...

Viewpoints April 27, 2018
Profiting From Loss

No matter the state of the market or the world economy, some people are making money and others ...

Viewpoints April 13, 2018
The Menace of Debt Deflation

Ten years after the 2008 financial crisis, the world economy has recovered but the world's balance sheet has ...

Viewpoints April 6, 2018