Articles
Articles and analyses from the INET community on the key economic questions of our time.

Is That New Procedure Proven? MedTech Billing Codes and Evidence-Based Medicine
Introduced by the AMA in 2001, Category III CPT codes aimed to streamline financial reporting. Instead they became entangled in a politically driven, zero-sum reimbursement game.
Education of a Grandmaster

Trillions for War, Pennies for People: How Soaring Military Spending Fails Americans
William Hartung and Ben Freeman, authors of Trillion Dollar War Machine, talk with INET’s Lynn Parramore about America’s runaway defense spending and its increasingly alarming human toll

The U.S. Is Betting the Economy on ‘Scaling’ AI: Where Is the Intelligence When One Needs It?
Storm argues the AI data-centre investment boom is creating a bubble that will be socially and financially expensive when it pops.

Distribution Matters: Flawed Welfare Foundations in Classic Free Trade Arguments
The argument that free trade is always the correct policy is based on a flawed welfare analysis. Free trade results in winners and losers and economists are not competent to analyze the impact on well-being as a whole or the spillover social consequences of the discontent of the losers.

The Hidden History Fueling Tariffs, Shutdowns, and National Breakdown
From political slugfests to classroom battles, historian Marc Egnal talks with INET’s Lynn Parramore about the need for a new approach to our national story.

Economist Chris Hughes on the Fed, Crypto, and the Danger of Trump’s Vision
Hughes discusses his recent book Marketcrafters, and how markets are deliberately built with outcomes that can serve the public good – or not. He uses this lens to unpack today’s economic flashpoints, from the Fed to crypto to climate.

Study Finds Male and Female Economists See the Economy Differently -- Even When Politically Aligned. It Matters for Everyone.
In a significant new study published by the Institute for New Economic Thinking, Canadian economist Mohsen Javdani reveals that gender shapes views on power, equality, and inclusion in ways politics alone can’t explain.

U.S. Political System Is Bought, Not Broken. A New Party Won’t Fix the Basic Problem.
Why real reform in American politics won’t come from slogans, scandals, or new parties — but from breaking the grip of investor politics and rebuilding power from the ground up.

AI, Antitrust & Privacy: When More Competition Makes Things Worse
Without strong privacy laws and aligned incentives, increased AI competition worsens surveillance, manipulation, and disinformation—threatening privacy, autonomy, and democracy.

Europe’s Gas Roller Coaster
A new INET Working Paper by Yaroslav Melekh, James Dixon, Katrina Salmon, and Michael Grubb, interrogates the contradictions between fossil lock-in through LNG import capacity and overcontracting, and policy-driven demand reduction. Here is a summary of the paper’s main findings.