Is the So-Called “Manufacturing Renaissance” a Mirage?
38 manufacturing industries continue to decline and nine of 10 of these industries are the critical industries that are fundamental to the manufacturing process
Read more...Category Archives: Free markets and their discontents
One Nation Under Stress?
Why stress is not all it is cracked up to be.
Read more...Phishing Equilibria in E-Commerce: Shopping Sites and Dark Patterns
Dark Patterns are tricks used in websites and apps that make you do things that you didn’t mean to. Shopping sites use them a lot, and the bigger the site, the more likely.
Read more...A New Assessment of the Role of Offshoring in the Decline in US Manufacturing Employment
Offshoring killed American manufacturing jobs.
Read more...Life, Deferred: Student Debt Postpones Key Milestones for Millions of Americans
The student debt crisis has produced a decline in homeownership, marriage, and childbearing rates among the young.
Read more...Even Larry Summers Denounces World Bank’s “PEF” Ebola Bonds That Enriched Investors at Expense of the Sick in the Congo
The World Bank wants to double down on financial gimmickry rather than develop the public health infrastructure to combat pandemics.
Read more...Brexit: According to Script
The commentariat’s Brexit predictions are playing out, sadly.
Read more...Inflation Data Shows Tariffs Are Not a Tax on Consumers but on Foreign & US Corporations
Yves here. It has been reported in venues like the Financial Times that importers who would face increased costs from tariffs on China were taking steps so as not to increase prices to customers, which includes making their suppliers give better prices and eating some costs too. With profit share at a record high level […]
Read more...Class-Action Lawsuit Seeks To Let Medicare Patients Appeal Gap in Nursing Home Coverage
A Medicare lawsuit winding its way through the courts should take some of the wind out of the sails of the idea of Medicare in its current form as a good way to implement single payer.
Read more...How Richard Vague Discovered Gravity: An Interview + Book Review of A Brief History of Doom: Two Hundred Years of Financial Crises
Richard Vague extends his work on the dangers of private debt via his new book, A Brief History of Doom, on the role of debt in financial crises.
Read more...No, Productivity Does Not Explain Income
Why a widely-held view about productivity that is foundational to the claim that people are paid what they deserve does not hold up to scrutiny.
Read more...Austerity Has Made People Less Prepared for a No Deal Brexit
The government says it’s preparing for a Brexit crash out. But ten years of spending cuts have made the people of Britain intensely vulnerable to economic shock.
Read more...How Capitalism Exploits Our Fear of Old Age
Pondering the challenges of being old now.
Read more...Deskilling Among Manufacturing Production Workers
More evidence of how manufacturing workers have taken it on the chin.
Read more...Britain After Brexit: Welcome to the Vulture Restaurant
US business will asset-strip the UK, but that’s not all: the Pentagon will find the little-known fragments of the British empire very useful.
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