Financialization of the U.S. Pharmaceutical Industry
A takedown of the pharmaceutical industry’s assertion that it need to price gouge so it can invest in R&D. Profits go almost entirely to various forms of looting.
Read more...Category Archives: Economic fundamentals
Why Hospitals Never Have Enough Nurses: The Explanatory Power of “Prasad’s Law” of Wealth Concentration
Nurses, or more accurately, nurse staffing levels demonstrate a central bad incentive in American medicine.
Read more...The Debt Delusion
A short take on John Week’s new book, The Debt Delusion, and why it matters.
Read more...J.D Alt: The People’s Money (Part 4)
Why a Green New Deal looks like it will create a money, as in spending, as in inflation problem. Rest assured, there is an answer….
Read more...What This Election Proves Is the Need for Epoch Making Change
The upcoming UK election will usher in major change. But will it be change that benefits ordinary people?
Read more...What’s Behind the Subprime Consumer Loan Implosion?
Subprime loan repayment continues to deteriorate. What is going on?
Read more...Neoliberalism and Climate Change
How economists have contributed to climate change inaction.
Read more...Leaked US Trade Talks Show How Trump Is Dictating Johnson’s Approach to a Hard Brexit
Far from Brexit letting the UK takw back control, it has entered into a relationship where it holds none of the cards.
Read more...Financing a Global Green New Deal: System Change Needed
Discussion of a contested topic: How to pay for a Green New Deal.
Read more...The China Cables: Leaked Classified Chinese Documents Confirm China Running Massive Concentration Camps to “Re-educate” Uighurs
A document leak gives chilling insight into the biggest detention of an ethnic group, the Uighurs, since the Holocaust.
Read more...Making Sense of Bolivia’s Discontent
Unpacking the many political and policy contradictions in Bolivia over the past decade.
Read more...Wolf Richter: The Fed Slaps Down Negative Interest Rates
The first major discussion of negative interest rates recounted in the FOMC minutes show serious disapproval.
Read more...New Report Finds Costs of Climate Change Impacts Often Underestimated
Why most economists considerably underestimate the cost of climate change.
Read more...Private Equity Under the Hot Lights Today at House Financial Services Committee Hearing, “America for Sale?”
Private equity gets some long overdue scrutiny.
Read more...Non-Financial Private Debt Overhang: Post War German Debt Reforms as a Model for a Modern Debt Jubilee?
Private debt levels are even higher than in 2008 but super low interest rates make that look less worrisome than it arguably should be. T. Sabri Öncü ponders how to go about large scale debt relief.
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