Category Archives: Economic fundamentals

As Flood Risks Rise Across the US, It’s Time to Recognize the Limits of Levees

How levees become counterproductive as flood severity increases.

The Numbers Are In, and Trump’s Tax Cuts Are a Bust

Why Trump’s tax “reforms” didn’t deliver on growth, just on rentierism.

The ‘New Right’ Is Not a Reaction to Neoliberalism, but Its Offspring

Why the success of the far right shows that neoliberalism is very much alive and well.

Taxes for Revenue Are Obsolete

In a 1946 classic, New York Fed chairman Beardsley Ruml explains why taxes aren’t necessary for Federal spending and argues against corporate income taxes.

Michael Hudson: De-Dollarizing the American Financial Empire

Michael Hudson on how the US was able to turn its change from creditor to debtor to its advantage.

Brexit: Will Boris or Won’t He?

Does Johnson have any Brexit wriggle room?

Transfer (Mis)pricing, the Jewel in Every Multinational Enterprise’s Crown

Transfer pricing: How developing countries lose $3 billion every day through an accounting trick that allows corporations to avoid paying tax.

Martin Wolf v. Trumponomics Whiffs Due to Fealty to Orthodoxy

The Financial Times’ Martin Wolf has a go at Donald Trump, but manages to score an own goal as far as his profession is concerned.

Is Industrial Policy Finally Legitimate?

Awfully late in the game, industrial policy gets the recognition it deserves.

The Myth of Expansionary Austerity

If you hold mainstream economic views, it was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.

U.N. Report: ‘Human Rights Might Not Survive’ Climate Crisis

Not surprisingly, the poor, particularly in developing countries, will be devastated by climate change.

Mobility and the Desire for Sovereignity in Europe

Lack of geographic mobiliity is a major culprit in the rise of nationalism.

One Hundred Years After World War I, Are We Heading Back to the Abyss?

The odds of a major war, even one that could fracture the world order, appear uncomfortably high.

Takers and Makers: Who Are the Real Value Creators?

Why stories from “value creators” should be taken with a fistful of salt.