James Galbraith: CBO Not Competent to Assess Economics of Minimum Wage
James Galbraith slams an “unreliable” CBO report claiming that raising the minimum wage would reduce jobs.
Read more...Category Archives: Economic fundamentals
Global Coup d’État: Mapping the Corporate Takeover of Global Governance
Why you should be very, very worried when our supposed betters start talking up the newest neoliberal Trojan horse, global governance.
Read more...Working From Home: Too Much of a Good Thing
Why and how much the working from home trend is likely to be unwound post Covid (assuming a post Covid).
Read more...Yanis Varoufakis: Trumpism after Trump – NEWSWEEK Magazine, Interviewed by Basit Mahmood
Varoufakis believes Biden Administration fecklessness and love of austerity will strengthen the Trump faction.
Read more...The Bank of England Should Stop Broadcasting the Views of a Comfortable Financial Elite
A “put foot in mouth and chew” episode from Bank of England chief economist Andy Haldane.
Read more...The Chip Shortage: Brought to You By American Neoliberalism
While the chip shortage will sort itself out in the next six months, the US can’t remedy its dependence on foreigners for critical supplies.
Read more...Why U.S. Labor Laws Need a Major Update—The PRO Act Is a Great Start
Biden is proposing some significant changes to labor law. Does the legislation live up to its billing?
Read more...The Most Fragile Oil Price Rally In History
Some of the economic forecasts underlying the bullish oil price views are so sunny I’m gonna need shades.
Read more...The Dangers of Sustainability Metrics
A favorite topic: the downside of fetishinzing metrics.
Read more...Monetary Policy and Racial Inequality
Monetary policy does not lift boats in at all the same way.
Read more...One Year After the Collapse of the Airline Business Began: What’s the Status Now?
Collapsed revenues, astronomical losses, red-hot cash-burn, hellish new debt. Meanwhile, amid craziest markets ever, airline shares soared.
Read more...Goldman Is Evil But McKinsey Is Worse
Why the McKinsey veneer is looking tattier and tattier with every passing day, and why that’s not likely to change.
Read more...Michael Hudson – Changes in Super Imperialism
Michael Hudson recaps his classic Super Imperalism and extends it to the 21st century struggle for dominance among the US, China, and Russia.
Read more...Negative Interest Rates Are Coming, but There Is No Chance That They Will Work
Negative interest rates: a bad idea that some central banks still can’t resist.
Read more...“The Vibe in North Houston”: A Report on Working Class Men Betrayed and in Angst
An account of working class men on the boil.
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