We Need to Stop the Overdiagnosis Disease. Step 1: Remove Vested Interests
Time to stop treating people as targets for disease treatments.
Read more...Category Archives: Free markets and their discontents
Bill Black: Tom Friedman Just Noticed that the UK “Has Gone Mad”
Bill Black uses Tom Friedman’s recognition just this week that Brexit is a mess as the foundation of a detailed takedown of Friedman’s propaganda, um, views.
Read more...New York Sues Big Pharma for Opioid Crisis
The Sackler family and PurduePharma profited from opioid-related “suffering and death,” NYC AG Letitia James charges. White collar criminologist and law professor Bill Black weighs in.
Read more...3 Questions That ‘Created Havoc’ in Betsy DeVos’ Department of Education
Betty DeVos has trouble answering questions on charter school fraud. Quelle surprise!
Read more...Belief in Meritocracy Is Not Only False, It’s Bad for You
Meritocracy is a dubious ideology, save for supporting the status quo.
Read more...The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: A New “Reality Economics” Curriculum Is Needed (Part 4)
How mainstream economics ignores the lessons from antiquity on the destructiveness of oligachies, and how early industrialists and business schools promoted anti-rentier, socialit policies.
Read more...The Media Endlessly Talks About Interest Rates—Are They Even an Effective Economic Tool at This Point?
Interest rates are a poor substitute for fiscal spending and as we’ve seen, over-reliance on monetary policy produces speculative booms and busts. More and more people recognize this formula isn’t working, but what will it take to change course?
Read more...The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: The Inherent Financial Instability in Western Civilization’s DNA (Part 3)
By John Siman, who is also the author of Part 1 and Part 2 in this series John Siman: It seems that unless there’s a Hammurabi-style “divine king” or some elected civic regulatory authority, oligarchies will arise and exploit their societies as much as they can, while trying to prevent the victimized economy from defending […]
Read more...As GOP Deploys ‘Nuclear Option’, New Reports Detail Damage Done By Trump’s Far-Right Takeover of Judiciary
In just under two years on the bench, Trump’s narrow-minded elitist judges have already harmed workers, consumers, voters, immigrants, reproductive rights, and many more.
Read more...The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: Mixed Economies Today, Compared To Those Of Antiquity (Part 2)
How mixed economies have mixed it up over time.
Read more...Money Talks, Big Time: 1% Politics and the Scandals of A New Gilded Age
A social order where the power of money plays an outsized role looks illegitiamate, particularly when citizens have been sold the myth of meritocracy.
Read more...World Bank Financializing Development
Why having public sector development funds “leverage” private capital is a bad idea.
Read more...The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson About His Forthcoming Book The Collapse of Antiquity (Part 1)
Michael Hudson describes how, in antiquity in Greece and Rome, emerging oligarchs ended the practice of debt jubilees, impoverishing laborers.
Read more...MMT Scholars’ Predictive and Policy Successes – Part A
Bill Black highlights how prominent economists apply double standards with respect to MMT.
Read more...Bank Regulation Can’t Be Heads Banks Win, Tails Taxpayers Lose
At a G20 preparatory meeting, an INET panel analyzed how governments can prevent banks from exploiting taxpayer-funded bailout guarantees. The panelists didn’t mince words.
Read more...