Unequal Education and the ‘Great Gatsby Curve’
A look at the role of educational advantage in perpetuating inequality.
Read more...Category Archives: Economic fundamentals
MMT Answers
A short MMT refresher course in the form of a Q&A.
Read more...Bloomberg Describes Europe’s Severe and Sustained Energy Crisis Due to Loss of Russian Gas
Bloomberg is countering the prevaiing cheery narrative that Europe can muddle through its ongoing energy crunch.
Read more...The Political Disruptions of Fiscal Austerity
Confirmation that austerity is bad for political stabiity because ordinary citizens don’t take well to their governments treating them badly.
Read more...Michael Hudson Discusses the Future of Europe and Global Restructuring
Michael Hudson describes how the war with Russia is changing the economic and political order, and not to the advantage of Europe and the US.
Read more...Stocks Open Eyes, See Fed Pivot Hawkish; ECB Hike into Recession, Start QT; BoE Hike into Recession; SNB Hike, Sell Foreign Currency Assets
ECB’s assets drop by €800 billion. Mexico hiked too today, way ahead of the Fed, keeps peso from falling against USD.
Read more...The Economic Consequences of War
On the economic effects of wars, drawing on a novel database of nearly 400 wars over the past two centuries.
Read more...Estimating the True Cost of War: The Conflict in Eastern Ukraine (2014-2019)
A new approach for analyzing the economic cost of war finds the impact on Donetsk, even before the SMO, is very high.
Read more...Dethroning the Dollar: Why the Alternatives Are Not Ready for Prime Time
Why the dollar’s demise is not around the corner.
Read more...A New Era for Germany’s Gas Industry Fuels Climate Fears
Moves to end energy dependence on Russia are a win for the gas lobby, locking Germany into the global market for liquefied natural gas.
Read more...Rich Nations Doubly Responsible for Greenhouse Gas Emissions
How the greenhouse gas emissions blame game pits advanced economies against developing ones.
Read more...Ukraine War: Turkey Is the Pivot Point Between Russia and the US – History Shows Us Why
A perhaps too glib and US-favoring read on Turkey-Russia relations.
Read more...Will Full Gas Stores Save Europe From An Energy Emergency?
Sad to see the state of what passes for informed commentary on the European gas squeeze.
Read more...Trying to Make Sense of China’s Protests
Western media is overhying the China protests. But to what degree?
Read more...Ukraine Armistice – How the Ukraine Demilitarized Zone of 2023 Will Separate the Armies Like the Korean DMZ of 1953
Russian military experts speculate that the end game for Ukraine is coming in the form of a DMZ. But is even that adequate?
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