Category Archives: Economic fundamentals

Why We Should Worry About Monopsony

Why the Fed is, rather late in the game, concerned about monopsony power.

The “Petrodollar” Has No Bearing on Any Country’s Ability to Employ Its People Fully

Debunking the petrodollar myth.

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”

Lump-of-Labor Fallacy: The Nastiest Motives of Nasty People

Why the lump-of-labor fallacy is bad for workers and for economics.

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.

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.

Brexit as a Tightly Coupled Process

Stepping back to look at the Brexit trajectory.

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?

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.

The Unforeseen Consequences Of China’s Insatiable Oil Demand

Working through the implications of China’s ever-rising energy needs.

Trump Is Giving Protectionism a Bad Name

A short overview of some protectionism successes.