“Jobs Are Up! Wages Are Up! So Why Am I as an Economist so Gloomy?”
Since the Fed can’t get more workers into the workplace but thinks it’s in charge of inflation, it will kill jobs with rate hikes.
Read more...Category Archives: Free markets and their discontents
State of Big Tech 2022: Dismantling National & Global Digital Enclosures
From fintech to food systems to social media, the State of Big Tech offers a blueprint for the 99% to break privatized status-quo enclosures.
Read more...Adult-Child Genius Sam Bankman-Fried Opts for “I’m Hopelessly Stupid and Confused” Defense
Sadly, the press is eating up Sam Bankman-Fried’s not-remotely-credible defense of ignorance and addlebrain (as opposed to Adderall brain)
Read more...Free Fridges in The Bronx, Created as COVID Stopgap, Still Meeting Chronic Food Needs
The successful community free fridges — fewer than during the pandemic — are now short on cash as well as volunteers to transport food.
Read more...Top Antitrust Expert: We Need a New Approach to Giant Tech Firms Like Google
A leader in competition and antitrust warns that ever-expanding tech giants raise concerns about the extent of their power.
Read more...Michael Hudson Answers Questions on Europe’s Self-Immolation, Fed’s Malpractice, Changing World Order
Michael Hudson covers a wide range of topics, including the decline of Europe, the Fed’s mismanagement, the rise of new economic blocs
Read more...On Black Friday, Amazon Workers in 40+ Countries Strike and Protest ‘Despicable’ Treatment
“Instead of paying its workers fairly, its taxes in full, and for its damage to our environment, Amazon is squeezing every last drop it can from workers, communities, and the planet.”
Read more...A Quick Note About Additional FTX Sleaze
Some shady FTX behavior that hopefully won’t be lost in the shuffle of new revelations.
Read more...University of California Comes to a Standstill as Academic Workers Strike
Workers at 10 UC campuses struck after the university system failed to offer compensation commensurate to the cost of living in California.
Read more...The Only Crypto Story You Need? A Response to Matt Levine’s The Crypto Story
A wide-ranging discussion of why defenses of crypto don’t stand up to scrutiny.
Read more...Tom Ferguson: Worker’s Wages & Leverage are the Real Targets
Why did Corporate Democrats “cede” the economic argument? Are they really fighting inflation or trying to weaken workers’ bargaining power?
Read more...You’re Living in a World Wrought by Central Banks. Notice Anything Wrong?
Nomi Prins warns that central banks’ strategies are destroying the real economy, worsening inequality, and creating societal chaos.
Read more...FTX: New Ex-Enron CEO Finds “Complete Absence of Trustworthy Financial Information,” $3.3 Billion Loans to SBF, Customer Deposits Not Recorded on Balance Sheets; Confirms Software Backdoors, Auto-Deleted Communications
FTX is an even bigger mess than someone with a creative streak might have imagined.
Read more...Not Every Robin = Spring and Not Every Story About Moving Away from the Dollar Is Well Founded
A small illustration of why some of the stories about reducing dollar dependence are misguided.
Read more...Where’s the Contagion from the Crypto Implosion?
Why, if you aren’t in crypto, you can watch the meltdown in comparative comfort.
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