‘Will End Up Hurting Tens of Millions’: Progressives Push Back as Dems Weigh Lower Income Cutoff for Stimulus Checks
“Means testing is a form of austerity. Scaling back on stimulus would be a mistake.”
Read more...Category Archives: Economic fundamentals
Some Implications of the GameStop Short Squeeze
The seeming success of the GameStop short-slayers could in the long run come at high cost to some of them and most of us.
Read more...Elizabeth Warren’s Not-Ready-for-Prime-Time Robinhood/GameStop Intervention
Elizabeth Warren is back in swinging hard, but she’s not yet connecting with the balls.
Read more...The Blindness of Using Venture Capital to Fight Human Trafficking
Venture capital relies on market-based solutions to maximize short-term gains. That is no way to address worker exploitation.
Read more...Deaths of Despair and the Incidence of Excess Mortality in 2020
An effort to decompose deaths of despair under Covid.
Read more...Michael Hudson: Finance Capitalism vs. Industrial Capitalism – The Rentier Resurgence and Takeover
Michael Hudson provides a deep dive into the rise and rise of the rentier under financial capitalism.
Read more...Coronavirus and Banking: Evaluating Policy Options for Avoiding a Financial Crisis
A scorecard for various approaches to combatting the looming European banking crisis.
Read more...COVID-19 Is Pushing Migrants Back to Their Home Countries
With Covid-19 driving many migrants to return to their countries of origin, governments need to implement better reintegration plans.
Read more...The Next Neoliberal President…
A clear eyed and therefore not cheery look at where President Biden is set to take the US.
Read more...What Can Sanders Do as Budget Chair? – Rob Johnson
Sanders is about to have considerable influence on spending priorities. Where and how does he have leverage?
Read more...Central Bank Machinations with No Exit: ECB Leaks New Thingy, It’s Doing Yield Spread Control
Not your grandmother’s “yield curve control.” Only one thing that could force this ECB absurdity to end: a big bout of inflation.
Read more...The American Rescue Act: Do Whatever It Takes
The economy is likely to be crippled for months and fiscal rescue on a large scale, once again, is very much necessary.
Read more...Perhaps It’s Time to Start Worrying About Italy Again
The causes for concern surrounding Italy are growing, even as the ECB keeps a tight lid on its bond yields, pushing its debt servicing costs lower as its debt explodes higher.
Read more...The Merits of Fire Sales and Bailouts in Light of the COVID-19 Pandemic
Fire sales are not as detrimental as executives desperate to save their jobs would have you believe. That means bailouts may be overdone.
Read more...Brexit: Wheels Coming Off
Brexit pains are becoming more and more evident.
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