Social Security COLA for 2022 To Be Near 5.8%, Could Match 2009, Biggest Since 1982
Seniors are destined to lose ground with cost of living increases, but how badly will they lag with 2022’s seemingly large boost?
Read more...Category Archives: Economic fundamentals
Why the Rich Get Richer and Interest Rates Go Down
A wrongheaded paper from the Jackson Hole conference that depends on the loanble funds fallacy lets central bankers off the hook.
Read more...Wait and See: The Labor Market Implications of Economic Uncertainty
An increase in perceived uncertainty does indeed increase the value of waiting, thus reducing job creation.
Read more...Neoliberalism Is Dying – Now We Must Replace It
From taming Big Tech to competing with China, Western governments are retreatig from neoliberalism. But what comes next?
Read more...‘America Has a Monopoly Problem’: Coalition Backs Legislation to Break Up Big Tech
Anti-monopoly interests have proposed a series of bills to give regulators more power, particularly with respect to tech.
Read more...Behold the Watered Stock’s New Variant!
Back to the future! Welcome to the successor to a 19th century favorite, watered stock.
Read more...Michael Hudson v. George Soros on China’s Rejection of “Market” Capitalism
Soros has a hissy over China’s Xi no longer wanting to play nicely with foreign investors.
Read more...Imperialism Then and Now: Capital Relocation, Inequality, Encroachment and Protracted Crisis
On how imperialism enabled exploitation of labor in the global South, and then pressure on worker wages in advanced economies.
Read more...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...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.
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