The Coming Battle for the COVID-19 Narrative
Will the disruption of Covid-19 deal a major blow to market ideology?
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How to Pay for the Pandemic War
Government responsese to the pandemic are making a hash of one of the comparatively easy issues.
Read more...New York Fed, FDIC Tout “Opacity in a Banking Crisis” to Keep Corporations, Hedge Funds, PE Firms & Counterparties in the Dark about Weak Banks
An article by Fed and FDIC researchers argues for hiding banks’ dirty laundry. Too bad the authorities didn’t make banks shape up instead.
Read more...India’s Poorest Now Have Access to Basic Bank Accounts, and Many Already Received their First Cash Stimulus Payment By Last Saturday; Meanwhile the IRS May Get You Your $1200 Check in Five Months
A tale of two stimuli: the Modi government has already made some direct deposits; some Americans will wait five months to receive checks.
Read more...Coronavirus: A Theory of Incompetence
Coronavirus has shredded the last vestiges of the belief that America was well run. How did we get here?
Read more...What Wall Street Doesn’t Want You to Know About Hospital Emergency Rooms
A coronavirus whistleblower winds up also exposing that private equity has too much say in running emergency rooms.
Read more...Key Official Missing in Action: North Carolina Treasurer, Sole Fiduciary of Its Pension, Has Covid-19 but State Refuses to Say More
Key public officials are abusing their position if they keep the severity of their Covid-19 illness under wraps.
Read more...Why Can’t Everyone in This Country Get Free COVID-19 Treatment?
The US is well into the Covid-19 crisis, yet most citizens are at risk of big bills if they seek testing and care.
Read more...Brace Yourselves: The US Is Setting Up a Ghastly “Natural Experiment”
The US may be about to be exceptional…in not a good way.
Read more...Having It Easy in the Beginning, Tough in the End: How My Dad Predicted the Decline of America
This should be a time for a genuinely new approach, one fit for a world of rising disruption and disaster, one that would define a new, more democratic, less bellicose America.
Read more...Radical Imagination: Imagining How the World of Finance Really Works
Michael Hudson rings the changes on some of his favorite themes: the logic of ancient debt jubilees. and the role of finance in contemporary rent extraction.
Read more...Tax Justice and Modern Monetary Theory – A Guide
Does Modern Monetary Theory take tax justice for granted?
Read more...The CARES Act: Stimulus and Unemployment Checks
Who gets a check? How much will the check be? How long will the check take to arrive? When will the checks stop?
Read more...The Coronavirus Stimulus Bill Is a $2 Trillion Slush Fund for Washington Cronies
Why you should hate the coronavirus “stimulus” bill.
Read more...Covid-19 Hits the Dual Economy: Incomes Destroyed at the Bottom, Profits Supported at the Top
Why preserving (big) corporate profits will not bail out the economy.
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