What Is a “Fair” Drug Price?
Debunking Big Pharma whinging over Inflation Reduction Act drug price negotiations.
Read more...Category Archives: Free markets and their discontents
The Fed’s Reactive-Looking Half-Point Rate Cut
The Fed’s half point rate reduction was unseemly large. What gives?
Read more...Cheapflation and the Rise of Inflation Inequality in 2021-2023
Big companies victimized poor consumers via cheapflation: imposing greater price increases on low price goods than higher priced items
Read more...Why is Modern Monetary Theory So Important?
A big reason Modern Monetary Theory elicits pushback is that it threatens power relations, specifically, the perceived primacy of financiers.
Read more...Boeing Faces Cash Crunch and Ratings Downgrade as Machinists Union Goes on Strike
Boeing is in a staredown with its machinists’ union over pay and other issues. With downgrade possible, what are the odds of a bailout?
Read more...Is US Policy Saving the Dollar or Destroying It?
How the global economy is being restructured, in no small measure due to inept, self-destructive policy moves that undermine dollar use in trade.
Read more...Can We Afford the Welfare State?
Unpacking why the obstacle to preserving the welfare state is not national income or demographics but rentiers increasing their take.
Read more...Putin Calls for Sanctions Revenge, Threatens to Cap Uranium Exports
Russia is considering restricting commodities exports such as uranium to what it has called “unfriendly” countries.
Read more...No Solid Scientific Basis for Degrowth
Two economists depict degrowth studies as analytically weak and advocating political infeasible ideas.
Read more...The Myth That the US is Rapidly Approaching Bankruptcy
Michael Hudson and Richard Wolff take apart widespread myths about Federal spending and debts.
Read more...Where Can We Live? The Homeless Crisis in America
The war on the homeless in the US has entered a very ugly phase.
Read more...Is the Labor Market “Normalizing?” What Even Is “Normal?”
Fewer quits and historically low layoffs & discharges mean fewer job openings, and less hiring to fill them. The massive pandemic churn slowed. But that’s only part of it.
Read more...What’s Next for Germany After Sunday’s Elections Show Major Backlash Against Status Quo?
Two parties which oppose Project Ukraine make major gains. Is anyone listening?
Read more...Wall Street Journal Tries to Analyze Not-Great Data on US Immigration, Generating Reader Pushback
An attempt by the Wall Street Journal to mine data on immigration falls short by not providing strong enough caveats.
Read more...Naked Capitalism’s Skunk Party Manifesto Finds a Home in the New Kentucky Party
The Skunk Party Manifesto explained how the best political system money can buy is great for its customers and lousy for the rest of us
Read more...