Misunderstanding the Great Recession
How many of the textbook explanations of the Great Depression were proven wrong, yet despite that, were misapplied to the Great Recession.
Read more...Category Archives: Economic fundamentals
Michael Hudson and Chris Hedges: The Real World Cost of Turning Classical Economics Upside Down
Classical economics recognized the costs of rent extraction, excessive borrowing, and encouraging speculation over commerce. Ideologues have turned those lessons on their head.
Read more...Robert Reich: 5 Reasons Why Trump’s and Cruz’s Tax Plans are Huge Giveaways to the Rich
Trump’s tax plan reveals that his economic populism is three-card Monte.
Read more...Assuming Away Unemployment and Trade Deficits from the TPP
It should come as no surprise that the Peterson Institute has managed to model the impact of the TPP so that it does not increase unemployment.
Read more...The Oil and Gas Fire Sale: How Bad Will Losses to Banks and Investors Be?
Energy-bust inflicted to banks and other lenders has only just begun to bite.
Read more...Michael Hudson on Debt Deflation, the Rentier Economy, and the Coming Financial Cold War
Michael Hudson speaks with Justin Ritchie on his favorite topics, such as debt deflation, austerity, classical economists on rentiers, and the coming financial cold war.
Read more...The Refugee Crisis: A European Call for Action
A proposal for how to overcome the lack of consensus in Europe over the refugee crisis.
Read more...Reducing Carbon Emissions Won’t Halt Economic Growth
The big obstacle to reducing carbon emissions isn’t economic costs, but inertia and the impact on powerfully placed special interests.
Read more...Wolf Richter: Hamptons Super-Luxury Homes Whacked by Reversing “Wealth Effect”
Hamptons real estate is soft at the high end. A portent for the financial health of the super rich?
Read more...Moodys: Public Pension Underfunding to Worsen as Returns Lag
Moodys give an update on the sorry state of public pension funds’ coffers.
Read more...Negative Interest Rate Conundrum
Why are central banks and governments opting for their unusual negative interest rate stance?
Read more...Why a Serious Oil Rebound Is Not Coming Soon
Why the oil price recovery is still a way away.
Read more...Gaius Publius: When Trump Talks Trade, Voters Listen
It’s easier for liberals to blame Trump voters for racism than to blame themselves for the job-loss and pain of the working class.
Read more...Gaius Publius: The Goal of the Neo-Liberal Consensus Is to Manage the Decline
Neoliberals want ordinary people to accept that their standard of living will decline. It’s not hard to see whose interest that story promotes.
Read more...John Helmer: US War Aim Fails, Putin Gains, Medvedev Loses
Approval ratings for Putin remain high despite corruption scandals because they believe no one is as capable of defending them against the US
Read more...