Category Archives: Economic fundamentals

How Third-Party Auditors Make Oil Industry Fraud Possible

Oil companies hire accountants to legitmate inflated financial claims. Investors and regulators are targeting these auditors for fraud.

How Is Your Economy?

One of our periodic reader queries as to what they make of the state of the economy based on local sightings.

Bob Pollin: Modest Inflation Is Good for Workers

If inflation is linked to higher wages, that’s not bad for workers, says Bob Pollin of the Political Economy Research Institute in Amherst.

What if Large Businesses Are Really Macroeconomic Entities?

Mega businesses are a huuge problem. But what to do?

Larry Summers Doubles Down On His Inflation Prediction

Unfortunately, Larry Summers still gets attention, most recently for inflation hawkery. Fortunately, it’s not hard to see through him.

Michael Hudson: Why Biden Won’t Cancel Student Debt

Michael Hudson gives a hard look at the typical excuses for not cancelling student debt and finds them wanting.

Slack in the Economy, Not Inflation, Should Be Bigger Worry

Despite fear-mongering about inflation, unemployment remains elevated and stimulus is needed to prevent a collapse in demand.

Why Biden’s Carbon Pricing and Electric Vehicle Plans Won’t Avert Climate Crisis

Unfortunately, central Biden Administration climate change policies, like carbon taxes/pricing, fall well short of the level of action needed

Michael Hudson on American as Absentee Landlord on The Greyzone: Biden Administration, New Cold War, Super Imperialism, Dollar Weaponization

Michael Hudson discusses geopolitics including currency power plays, global institutions like the IMF, the new Cold War, and Bill Gates

Pandemic Divergence: The Social and Economic Costs of Covid-19

An early stab at a Covid ledger. Not pretty.

How Upskilling America Will Rebuild the Middle Class

A sanity check on how far “let them eat training” will go in restoring the fallen American middle class.

Pay a Living Wage or ‘Flip Your Own Damn Burgers’: Progressives Blast Right-Wing Narrative on Jobs

Hiring has become difficult because some McJobs workers won’t risk their health for a crap wage. So the right wants to beat them down.

Is This the Beginning of the End for Labour?

Brexit and Covid should have paved the way for a Labour romp. Instead, Labour tried to win a patriotism contest with the Tories and lost.

Bank Shot: Financial Giants’ Return to Manhattan Gives Smaller Businesses Hope

Some bank CEOs are telling their workers to return to the office in the next few months. If Covid stay tame, will other companies follow?