Michael Hudson: Asset-Price Inflation and Rent Seeking
A meaty new paper by Michael Hudson.
Read more...Category Archives: Economic fundamentals
Brexit: Past the Event Horizon
Slouching towards Brexit.
Read more...Why Degrowth Is the Only Responsible Way Forward
Why degrowth is necessary and potentially attractive.
Read more...The Financial Times’ Martin Wolf Discovers that Rentier Capitalism and Financialization Increase Inequality and Hurt Growth
Martin Wolf has a big think about what is wrong in and discovers rentier activity.
Read more...Brexit: A Repeat of the Turmoil of 1914-1922?
What do critical chapters of British-Irish history augur for Brexit?
Read more...Drama in the Oil Markets After Attacks on Saudi Production. But This Isn’t 2007 Anymore
How the shale boom made the US less vulnerable to oil supply shocks.
Read more...Keynes Was Really a Conservative
“The class war,” said Keynes, “will find me on the side of the educated bourgeoisie.”
Read more...Dude! Where’s My Democracy?
People turn to authoritarian leaders not because they distrust democracy but because our system is fundamentally undemocratic.
Read more...The US Massively Underestimates the Trade War Blowback
US trade and economic sanctions not only have not delivered on their stated aims, but they’ve also had unwelcome side effects.
Read more...Kalecki, Minsky, and “Old Keynesianism” Vs. “New Keynesianism” on the Effect of Monetary Policy
Larry Summers, a barometer of leading edge conventional wisdom, questions Keynesianism as a distortion of Keynes and for its overconfidence in monetary policy.
Read more...Axios: What’s the Actual Cost of Not Addressing Climate Change?
bunking some arguments against Sanders’ climate change program.
Read more...Who’s Responsible for the Ecocide in the Amazon
Ecocode is profitable, so follow the money.
Read more...Is it Really “Full Employment”? Margins for Expansion in the US Economy in the Middle of 2019
Many indicators say the US is close to full employment. Hours of work tell a different story.
Read more...Marshall Auerback: We Are Clearly Living in a Bizarro Capitalism Era—And It’s Time to Change How the World Manages Economies
Central banks don’t have the tools to address our problems. It will take well-constructed fiscal policy to set right our topsy-turvy economy.
Read more...Wolf Richter: World Trade Skids for First Time Since Financial Crisis
Exports by China, Japan, and Eurozone under pressure — in part because of globally weak demand for new vehicles, which transcends the trade war.
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