Category Archives: Banana republic

Festering Brexit

Even though the Good Friday/Easter weekend is coming up and Brexit matters are thus in low gear, the UK still seems stuck in its pattern of confusing motion with progress. A short list of updates: Labour-Tory talks still going nowhere. I’m not sure it would be progress even if the negotiations were going somewhere, since […]

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Warren’s Antitrust Proposal: Should We Break Up Big Tech, or Just Regulate It Better?

While it is gratifying to see Senator and presidential contender Elizabeth Warren focusing on antitrust and the abuse of monopoly power, her $25 billlion fix looks too simplistic.

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The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: A New “Reality Economics” Curriculum Is Needed (Part 4)

How mainstream economics ignores the lessons from antiquity on the destructiveness of oligachies, and how early industrialists and business schools promoted anti-rentier, socialit policies.

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The Media Endlessly Talks About Interest Rates—Are They Even an Effective Economic Tool at This Point?

Interest rates are a poor substitute for fiscal spending and as we’ve seen, over-reliance on monetary policy produces speculative booms and busts. More and more people recognize this formula isn’t working, but what will it take to change course?

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