Monopoly Power vs Democracy – Matt Stoller
A wide-ranging discussion of some of the key mechanisms for exercising power in advaced economies, starting with monopolies.
Read more...Author Archives: Yves Smith
Meet the Grinch Stealing Social Security, the Future of Gen Y And Z
ow Social Security is a victim of wage stagflation.
Read more...Unequal Education and the ‘Great Gatsby Curve’
A look at the role of educational advantage in perpetuating inequality.
Read more...Links 12/20/2022
The Weather Nightmare Before Christmas
A sprawling cold wave and blizzard will bring some of the nation’s most dangerous and disruptive pre-holiday weather in recent decades.
Read more...MMT Answers
A short MMT refresher course in the form of a Q&A.
Read more...Bloomberg Describes Europe’s Severe and Sustained Energy Crisis Due to Loss of Russian Gas
Bloomberg is countering the prevaiing cheery narrative that Europe can muddle through its ongoing energy crunch.
Read more...Draper’s Millions: The Philanthropic Wellspring of Modern Race Science
How sustained funding legitimated race sciene.
Read more...We Are Sixteen Years Old
Wow! Sixteen years! A short walk down memory lane and many thanks.
Read more...Links 12/17/2022
The Political Disruptions of Fiscal Austerity
Confirmation that austerity is bad for political stabiity because ordinary citizens don’t take well to their governments treating them badly.
Read more...The Political Economy of Effective Altruism
How the effective altruism discourages collective action….by design.
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A word from Honest Government. Please tune in.
Read more...Michael Hudson Discusses the Future of Europe and Global Restructuring
Michael Hudson describes how the war with Russia is changing the economic and political order, and not to the advantage of Europe and the US.
Read more...Stocks Open Eyes, See Fed Pivot Hawkish; ECB Hike into Recession, Start QT; BoE Hike into Recession; SNB Hike, Sell Foreign Currency Assets
ECB’s assets drop by €800 billion. Mexico hiked too today, way ahead of the Fed, keeps peso from falling against USD.
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