Bill Black: Three Natural Experiments Documenting Krugman’s Bias Against MMT
Funny how considering MMT brings out the worst in some people….
Read more...Category Archives: Free markets and their discontents
MMT Responds to Brad DeLong’s Challenge
Randy Wray wades in yet again to contend with disinformation about MMT.
Read more...Martin Wolf: Why Economists Failed as “Experts”—and How to Make Them Matter Again
Economists should stop pretending to be scientists and go back to the core of the discipline—as a field of inquiry and way of thinking
Read more...The EU Is Facing Gigantic Questions About Its Future That Are Hidden in Obscure Bank Policy Decisions
The ECB again rides in to try to paper over fundamental problems with the EU’s structure and to offset is austerity bias by restarting QE. But the EU needs more government spending. Will it take another crisis to get there?
Read more...Bill Black: MMT Takes Center Stage – and Orthodox Economists Freak
On the remarkable surge of interest in and attacks against MMT by mainstream economists and pundits.
Read more...Boeing Crapification: Second 737 Max Plane Within Five Months Crashes Just After Takeoff
Another Boeing 737 aircraft crashed minutes after takeoff in Addis Ababa yesterday, killing all 157 passengers on board, in circumstances similar to last October’s Lion Air crash in Indonesia. Consequences for Boeing depend on what the just-recovered voice and data recorders reveal.
Read more...Medicare for All (the Perplexed)
A French lesson on Medicare for All.
Read more...Bill Black Analyzes Brad DeLong’s Stunning Concession: Neoliberals Should Pass the Baton and Let the Left Lead
Bill Black analyzes Brad DeLong’s concession that neoliberals should get out of the way and let the left lead since their coalition with Republicans did not work.
Read more...Charter School Cap Efforts Gain Momentum
Evidence increasingly shows that charter schools damage public schools, fueling campaigns to stop charter school growth.
Read more...The Doomsday Economics of ‘Proof-of-Work’ in Cryptocurrencies
Why inherent problems with cryptocurrency liquidity are already leading to consideration of other methods for validating blockchain updates. They are likely to prove unsatisfactory and therefore call for verification by a trusted institution….defeating the rationale for cryptocurrencies.
Read more...Cities And Counties Unlikely To Heed FDA Warning On Importing Foreign Drugs
The FDA goes to bat for the right of drugs makers to price gouge Americans.
Read more...#MeToo Whistleblowing Is Upending Century-Old Legal Precedent Demanding Loyalty to the Boss
Why whistleblowing is a recent development.
Read more...The Possible Chinese-US Trade Deal
A review of opinions in the English-speaking blogosphere on the likely content of the US-China deal and the message this agreement sends to the world.
Read more...Do Real Estate Markets Make Our Cities Less Livable?
Author Samuel Stein talks about how capitalism shapes cities.
Read more...Have We Already Passed World Peak Oil and World Peak Coal?
Gail Tverberg extends her peak oil analysis to coal and finds a similar pattern.
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