Sanders and Class Struggle in the Democratic Party
Sanders versus Democratic Party’s institutionalized corruption and domination by billionaires.
Read more...Category Archives: Economic fundamentals
Wolf Richter: Business Loan Delinquencies Spike to Lehman Moment Level
While consumer credit card and mortgage delinquencies are tame, business loan delinquencies have taken a big turn for the worse.
Read more...Hard Landing Coming Soon? Chinese Officials Set Off Red Alert on Debt, Urge Serious Measure to Contain It
Chinese officials sent a serious warning about ending debt growth. If they are serious, the shock waves will engulf not just China but also the global economy.
Read more...Gerald Friedman: How the Dogmatic Despair of Mainstream Economists Brought You Donald Trump
Mainstream economists to ordinary citizens: Drop dead. Or more accurately: Sorry, nothing more can be done for you. There is No Alternative.
Read more...Germany and IMF in Staredown Over Greek Debt Relief
The IMF and Germany have staked out irreconcilable positions on Greece. Who will blink first?
Read more...Cameron Murray: Confused Thinking About Real Interest Rates Leads to Mistaken Belief that Lower Interest Rates Boost Investment
Muddied thinking about real interest rates has done real harm. It leads policymakers to lower interest rates to boost investment, when they do more to raise asset prices and fuel speculation.
Read more...Bill Black: Mankiw’s Mythical Ten Commandments of Theoclassical Economics
Examining Maniw’s core myths, um, principles, and how they are dangerously misleading.
Read more...After Distancing Herself From Bill Clinton’s Economic Policies, Hillary Wants Him as Mr. Economic Fix It
Like the Bourbons, the Clintons appear to have learned nothing and forgotten nothing.
Read more...Inflation Targeting and Neoliberalism, Part 2
Why inflation targeting is a destructive practice.
Read more...A Global Marshall Plan for Joblessness?
Time for a Marshall Plan for unemployment: no workfare, no bullshit jobs, no compulsory work, no digging holes. Start with a Green New Deal.
Read more...As Clinton Looks Vulnerable, Event Risk Favors Trump (and Sanders)
When Donald Trump became the presumptive Republican nominee, you could almost hear the glee from Camp Clinton. Lambert called the tweets from her supporters “giddy”. The pundits saw Advantage Clinton in her presumed lock on women, blacks, Hispanics, as well as the divide of red versus blue states working in her favor. Yet the body […]
Read more...Lynn Parramore: Austerity Without Debt Relief Courts New Unrest in Greece
Economist James K. Galbraith warns that ‘unrealistic expectations’ by creditors of Greece is a recipe for turmoil
Read more...Germany Blinks on Giving Debt Relief to Greece….or Did It?
Despite press reports to the contrary, in this year’s game of chicken over the Greek bailout, it looks like the IMF, and not Germany, blinked.
Read more...The Minimum Wage Increases = Job Loss Myth
Repeat after me: study after study shows that minimum wages increases don’t lead to job losses.
Read more...Inflation Targeting and Neoliberalism
An interview on inflation targeting and its implications.
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