Census Bureau Reveals Grim Facts about Real Earnings of Men
A look at real earnings data belies happy talk about wage gains.
Read more...Category Archives: Economic fundamentals
The Economy Under Trump: Business Optimism Combined with Inequality
Gerald Epstein dissects the Trump Administration happy talk about the state of the economy.
Read more...Pigs Want To Feed at the Trough Again: Bernanke, Geithner and Paulson Use Crisis Anniversary to Ask for More Bailout Powers
The chief architects of the exercise in looting otherwise known as the post-crisis rescues are back promoting more of the same.
Read more...Marshall Auerback: Central Bankers as ‘Dealers of Last Resort’
In their 21st-century role as counterparty/dealer/insurer of last resort, central bankers must not simply use their balance sheets indiscriminately to provide a liquidity backstop during the downturns. They must embrace this counterparty role as an umpire, rather than an enabler.
Read more...Why We Should Worry About Monopsony
Why the Fed is, rather late in the game, concerned about monopsony power.
Read more...Why Transforming the Economy Begins and Ends with Cooperation
Co-ops can and do create more cooperation, which in turn can reform capitalism.
Read more...The “Petrodollar” Has No Bearing on Any Country’s Ability to Employ Its People Fully
Debunking the petrodollar myth.
Read more...Market Power, Low Productivity, and Lagging Wages: The Real Drivers
To understand labor productivity—and growing inequality—you have to look at the “dual economy”
Read more...Lump-of-Labor Fallacy: The Nastiest Motives of Nasty People
Why the lump-of-labor fallacy is bad for workers and for economics.
Read more...Yanis Varoufakis: Greece Was Never Bailed Out and Remains in Debtor’s Prison – Bild Zeitung Interview
Yanis Varoufakis revisits the Greece 2015 debt negotiations and describes how Greece still wears the austerity yoke.
Read more...Could Turkey Trigger the Next Global Financial Crisis?
Why the currency crisis in Turkey is a due in part to the failure to take adequate corrective measures after the global financial crisis.
Read more...Brexit as a Tightly Coupled Process
Stepping back to look at the Brexit trajectory.
Read more...The Zero-Sum Economy
Is the problem with the economy the amount of stultifying work, or that too much work is really about more and more aggressive competition for income?
Read more...What Should the EU Do About the Turkish Currency Crisis?
The Turkish lira has been under significant pressure in recent weeks. What is the EU’s exposure to possible crisis in Turkey and how should the EU react?
Read more...Why Elizabeth Warren’s Accountable Capitalism Act Will Be Good for Shareholders
Why shareholders are getting a raw deal out of the misguided corporate fixation on “maximizing shareholder value,” and Elizabeth Warren’s new bill is therefore good for them.
Read more...