Why Economic Recovery Requires Rethinking Capitalism
Capitalism needs a dose of socialism, aka public works. Mission-oriented public investment is vital to revive private-sector investment.
Read more...Category Archives: Economic fundamentals
Mark Blyth and Wendy Schiller – Election 2016: What Happened and Why?
Mark Blyth gives yet another colorful, incisive, and spot on reading of politics, this time of the US election and the political outlook.
Read more...Wolf Richter: What the Heck’s Going on with Foreclosures? Why this Spike?
Yves here. While the recent trend in foreclosures looks alarming, it appears that servicers are making a push to clear out what they regard as old inventory, even though it appears to be include defaults that started after the crisis. One has to note cynically that they waited to the tail end of the Obama administration […]
Read more...Will Trump Be Rolled by the Republican Establishment?
If Trump is serious about policies like rebuilding infrastructure and reducing foreign conflicts, can he prevail over his party’s establishment?
Read more...The Old Democrat Wall Street Plus Identity Politics Playbook is Dead
The Democrats need to reinvent themselves. Appeals to identity politics will not deliver enough votes.
Read more...Bill Black: Liberals Didn’t Listen – The Immense Cost of Ignoring Tom Frank’s Warnings
Why liberals (which do not forget is not the same as the left) reaped the whirlwind in the elections
Read more...Did the Farm Credit System Change Americans’ Thinking About Credit?
How and why the farm credit system served as the first Federal experiment in using cheap credit as an economic and policy tool.
Read more...Michael Hudson on Meet the Renegades
Michael Hudson gives a freewheeling interview on some favorite topics like rentier capitalism and why the Great Moderation wasn’t so great.
Read more...Easy Money is Dangerous Without Activist Fiscal Policy
Why over-reliance on monetary policy and the failure to engage in fiscal deficits is a toxic mix.
Read more...TRIPS: The Story of How Intellectual Property Became Linked to Trade
Why intellectual property rights are a form of private tax, and how they are abusive when applied to IP developed out of public funding.
Read more...Gaius Publius: Syria Is Another Pipeline War
We have been at war in Syria over pipelines since 1949. This is just the next mad phase.
Read more...Inequality As Policy: Selective Trade Protectionism Favors Higher Earners
Policy choices have subjected manufacturing workers to global competition while shielding high-wage professionals.
Read more...Private Equity Consultant Hamilton Lane Trots Out New Excuse, “Evil Populists,” for Already-Flagging Private Equity Performance
Funny how it’s OK for defenders of the 0.1% like Hamilton Lane to blame class warfare on their soon-to-be-fallen standing, but not the 99%.
Read more...Why the ECB is Going to Print, Print, PRINT!
The ECB is set to dig its hole even deeper….
Read more...The Danger of Germany’s Current Account Surpluses
Economists are more and more worried about Germany’s rising trade surpluses. Calling Wolfgang Schauble to the white courtesy phone….
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