The Most Monstrously Overstimulated Economy & Markets Ever
The Fed will trim back its stimulus, but it’s already pumped up markets and the unwind will be too little and too slow.
Read more...Category Archives: Economic fundamentals
Imperialism Then and Now: Drain of Wealth, Depression, The Role of the State and Globalization
Yves here. This is the second section of the GPENewdoc historical series on imperialism and capitalism. You can find Part 1 here. By Lynn Fries. Originally published at GPENewsdocs Prabhat Patnaik explains how the colonial system led to depression. Then, in advanced countries governments stepped in to increase demand and productivity, but how unless the […]
Read more...Imperialism Then and Now: Wealth, Unemployment and Insufficient Demand
Prabhat Patnaik on imperialism and capitalism: to accumulate wealth, somewhere demand must be suppressed to provide cheap inputs.
Read more...How the Economics of Walking About Helps Predict Unemployment, or the Value of Soft Data
On the short-sightedness of over-reliance on hard data.
Read more...Economic Backwardness and Religious Persecution
The Spanish Inquisition as a case study in the long term economic impact of persecution.
Read more...A Half Century Since The Beginning Of The End Of The Post WW II Economic Order
Marking the 50th anniversary of the end of the Bretton Woods economic system.
Read more...How a National Infrastructure Program Would Protect Americans From Hurricanes
Biden’s infrastructure plan includes defending flood and hurricane vulnerable areas, when saving all of them may not be the right answer.
Read more...The Oil & Gas Inflation Trap That No One Wants To Talk About
So much for concerns about climate change. The Biden Administration is doing what it can to lower oil and gas prices.
Read more...Why Elon Musk Isn’t Superman
Why Elon Musk, despite having built significant operating companies, is still mainly in the bezzle business.
Read more...US History Shows Spending on Infrastructure Doesn’t Always End Well
Despite promoters’ claims, infrastructure projects often aren’t great public successes.
Read more...This Reddit Lament Sums Up Wonderfully What Lots of Home Buyers Will Grapple with as Housing Market “Normalizes” and Work from Home Fizzles
As Covid-exodus home purchases peters out, over-eager buyers are waking up with hangovers.
Read more...IPCC Climate Report: Profound Changes Are Underway in Earth’s Oceans and Ice – A Lead Author Explains What the Warnings Mean
The latest IPCC report gives a Defcon 1 climate emergency alarm. But are any of the right people paying attention?
Read more...Hubert Horan: Can Uber Ever Deliver? Part Twenty-Seven: Despite Staggering Losses, the Uber Propaganda Train Keeps Rolling
How Uber keeps pumping hot air into a financially flaccid business.
Read more...The Best Policies to Fight Pandemics: Five Lessons from the Literature So Far
Mining various studies on pandemic interventions to see which look most effective.
Read more...Globalization, Specialization, and the Division of Labour
A new angle on why workers lose out as globalization increases.
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