A Rational Backlash Against Globalization
“In a democratic society that values equality, globalization cannot survive in the long run.”
Read more...Category Archives: Economic fundamentals
The US-Mexico Trade Deal Dies
How the US effort to push a trade agreement with Mexico over the line fell apart.
Read more...The Bank of International Settlement’s Claudio Borio, Who Warned About the Crisis, Says the World Economy Is About to Get Very Sick
BIS chief economist Claudio Borio warns that central bankers have overdone the liquidity party, and investors are not being paid enough to take ris
Read more...Joseph Stiglitz and Alexandria Ocasio-Cortez Talk Social and Economic Justice
Alexandria Ocasio-Cortez continues to be in the limelight. Is she getting her political footing yet? And will she live up to her “democratic socialist” brand, or is she getting more cozy than necessary with establishment Democrats?
Read more...IPCC Manipulating Climate Report Summary to Favor Wealthy Nations
The upcoming IPCC report overview is being airbrushed so as to cut unwarranted slack to developed economies.
Read more...Does the U.S. Have the Ingredients to Win a Trade War?
In winning the trade battle with China, Trump may lose the war against inflation.
Read more...The Spider’s Web: Britain’s Second Empire
How Britain’s system of offshore finance and tax havens developed and preserved the UK’s role as the largest player in international finance.
Read more...Why the Public Debt Should Be Treated as an Asset
Debunking the misconceptions about the role of debt of a currency issuer like the US or UK.
Read more...Why the “Green New Deal” Is a Headfake
How “Green New Deal” proponents repeat the intellectual errors made by the critics of the 1970s Limits to Growth studies.
Read more...Michael Hudson: 10 Years Since Lehman Brothers Bankruptcy – Did the Economy Really Recover?
Michael Hudson discusses the economic impact of not writing down debts in the wake of the crisis.
Read more...Beating the Tax Gap
The UK focuses on the tax gap, how much tax it ought to be collecting versus what it gets. Why isn’t this a concern in the US?
Read more...Michael Hudson: The Lehman 10th Anniversary Spin as a Teachable Moment
Why you should take conventional wisdom about the Lehman collapse and the crisis with a fistful of salt.
Read more...J.D. Alt: Paying for Hurricanes
A reminder that the budgetary “paying for things” framing is a way to deny resources to citizens.
Read more...Why Central Banks Should Not Be Inflation Nutters
Central banks need to stop fighting the last war.
Read more...Double Whammy: Implicit Subsidies and the Great Financial Crisis
Follow the subsidies, and you will understand why we had the crisis and why not enough has been done to prevent a recurrence.
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