Grim Future of Cities: State’s Growing Budget Hole Threatens New York City Jobs, Services
The New York City budget hole is getting bigger. How much of a harbinger is this for other US cities?
Read more...Category Archives: Economic fundamentals
What Will the Real American Resistance Look Like — Chaotic Rebellion or Organized General Strikes?
As lower and middle income Americans slide into dire straits thanks to Covid-19, political pressure is building. But are Americans capable of rebellion?
Read more...Universal Testing: An Overlooked Covid-19 Policy Response
Why universal testing + isolation is the best way to tame Covid-19 at the lowest economic/societal cost.
Read more...The Bakken Boom Goes Bust With No Money to Clean up the Mess
How the Bakken oil boom, particularly hasty development and transport by rail, was destined to create an environmental hangover…..and no one bothered to prevent it.
Read more...“Savings Glut” Fables and International Trade Theory: An Autopsy
Debunking Bernanke’s pet excuse for the global financial crisis, the savings glut hypothesis, which of course exculpates the Fed.
Read more...Covid-19 Shortages Continue and Could Get Worse
Covid-19 still stalks the land and winter is coming.
Read more...Racial Disparity in COVID-19 Deaths: Seeking Economic Roots in Census Data
The higher rate of black deaths to Covid-19 appears due to higher infection rates. That suggests that work and living conditions put them much more at risk.
Read more...Stimulus Talks on Verge of Failure as Both Sides Trade Blame
No news on the stimulus front is very very bad news.
Read more...Why Taiwan Is at the Heart of a Geopolitical Struggle to Produce Cutting-Edge Computer Chips
Why Taiwan could serve as a prototype for a tech proxy war.
Read more...Why International Financial Regulation Still Falls Short
Financial regulators still don’t like to tame bubbles even after seeing how costly it is when they go boom. Shame, that.
Read more...Washington Going Full Andrew Mellon as Stimulus Talks Drag, Inadequate Support Guaranteed
An inadequate second stimulus is guaranteed. The only question is “how inadequate”?
Read more...Call for ‘Emergency Charity Stimulus’ as Billionaire Wealth Soars and US Nonprofits Sink
Charity reform would help deploy more funds to address more Covid-19 needs, but the real remedy lies in much bolder government spending.
Read more...How’s Your Economy, Small Businesses Death Watch Edition
A reader query focused on small businesses.
Read more...Thomas Frank: Liberal Elites Will Create Conditions for Another Trump
Thomas Frank: If Biden and the corporate Democrats continue to deny the concerns of populist movements, they ensure a new Trump will emerge
Read more...The Consequences of Inequality Can Be Fatal
A compliation of some of the costs of inequality, updated for the Covid-19 era.
Read more...