A Follow-Up on the Reasons for Prime Age Labor Force Non-Participation
Some surprising findings on why labor force participation of prime age men is flagging.
Read more...Category Archives: Free markets and their discontents
Buried in “Hilariously Stupid” White House Attack on Socialism, An Accidentally Strong Argument for Medicare for All
Amid hysterical comparisons between Senator Bernie Sanders and Mao Zedong, the Council of Economic Advisers unwittingly makes a solid case for socialist policies.
Read more...FICO Gets Creative With Credit Scores to Facilitate Getting More Americans in Debt
FICO is evil.
Read more...How Private Equity Bankrupted Seven Major Grocery Chains for Fun and Profit
Grocery chains as yet another example of private equity looting, and what policymakers should do to stop that.
Read more...Gaius Publius: Analyzing the New NAFTA Deal — Better, But Not by Much
Why the new, improved NAFTA is only a little less bad than the old one.
Read more...Richard Murphy: Who Really Pays the Tax on Rents?
Clearing up a widespread misperception about tax.
Read more...How to Destroy Neoliberalism: Kill ‘Homo Economicus’
contemporary American business and economic culture has a moral framework: neoliberalism. This framework is dependably orthogonal to the last 50,000 years of moral norms and traditions.
Read more...Is the Tide Turning on Regulating Facebook and Google?
The time is overdue to Do Something about Facebook and Google.
Read more...Medicare Advantage Plans Shift Their Financial Risk To Doctors; Do Patients Win or Lose?
Are fixed fee pricing schemes for Medicare Advantage better for patients?
Read more...Bankers’ Liability and Risk Taking
Why limited liability for banks is not such a hot idea.
Read more...Costing the Country: Britain’s Finance Curse
More discussion of the downside of having too much finance.
Read more...High-Deductible Health Plans Fall From Grace In Employer-Based Coverage
Yves here. The decline in use of high-deductible health insurance policies is important not just for employees who get insurance at work, but for the public generally. The retreat by employers will make it harder to treat high-deductible plans as a preferred option for expanded government-provided care. Note that employers health care costs, as you […]
Read more...Disaster Profiteers vs. the People of Puerto Rico
Puerto Rico shows how distress and grifting too often go hand in hand.
Read more...Why the Distribution of Wealth Has More to Do With Power Than Productivity
How statistics about wealth mislead, and why that matters.
Read more...Randy Wray: Modern Monetary Theory – How I Came to MMT and What I Include in MMT
A short history of MMT and and overview of core principles.
Read more...