When Trying to Increase Your Pay Was Dangerous
The long and often brutal history of owners scheming to contain pay levels.
Read more...Category Archives: Economic fundamentals
Economics of the Populist Backlash
Populist movements are the regular result of trade-induced economic dislocations and distribution. So why were economists surprised?
Read more...Jim Chanos: U.S. Economy is Worse Than You Think
Famed short seller Jim Chanos gives a hard look at America’s fundamentals. He is not impressed by what he sees.
Read more...Inequality: How We Got Here, and What Should Be Done
More discussion of the causes of rising inequality and possible remedies.
Read more...Trump-Style Policies Will Deepen the “American Carnage”
An in-depth look at Trump’s economic plans shows they would enrich the 1% and hurt the “forgotten people” he promised to help.
Read more...Yanis Varoufakis: Latest Eurogroup Statement Keeps Greece on the Austerity Rack
The Eurogroup doubles down on Greek debt extend and pretend, to its members political advantage and at great cost to Greek citizens.
Read more...The Fiscal Policy Experience Since the Great Recession
Why fiscal policy measures after the crisis were too weak.
Read more...Trump, Republicans Make Bogus Case for Bank Deregulation as Senate Certain to Curtail House Dodd Frank “Reform”
Trump and the Republicans are moving forward with deregulation plans that serve big bank bottom lines, not the broader economy.
Read more...Trump’s America Last
Why Trump’s rejection of the Paris Accord is a prescription for American non-competitiveness.
Read more...No, Record Jobs Openings in JOLTS Do Not Mean That Everything Is Teh Awesome!
A look at the latest not-as-rosy-as-it-seems jobs data release.
Read more...Measuring the Impact of Immigration on Wages: The Mariel Boatlift Controversy
125,000 mainly low-skill Cuban immigrants arrived in Miami in 1980. Economists are still debating whether they lowered local wages.
Read more...Starved School Budgets Across the US: A Symptom of Education Funding Crisis
School budgets are in worse shape in many parts of the US than you might have imagined.
Read more...Pharmaceutical Industry at Risk from Brexit
Yet another potential Brexit casualty….
Read more...Wolf Richter: Dear Fed, It’s Not “Really Hard to Spot Bubbles”
Here are some visual aids to help the Fed spot the housing bubble.
Read more...The New New Deal
The myth of the virtues of markets is past its sell-by date. Time for a new guiding principle, and the New Deal may be the place to start.
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