Demonetisation: India’s Stress Test
Did India’s sudden removal of 86% of hard currency from circulation achieve its aim of fighting corruption? And how much did it hurt growth?
Read more...Category Archives: Free markets and their discontents
Bill Black: Why the Republicans Cannot “Replace” Obamacare
Why the Republicans will kill Obamacare or have to live with it in more or less its present form.
Read more...Trumping Capitalism?
Will Trump change capitalism, and if so, how?
Read more...Brexit: Why Rescue by Trump, Meaning Via a US-UK Trade Deal, Is a Fantasy
Just because Trump gets on with Boris Johnson and Nigel Farage does not mean that a trade pact with the US will be a salvation for the UK.
Read more...Bill Black: Not 4 Sale – Why the Corrupt, Worker-Hating New Democrats Must Be Purged
Why the corporate and finance funded, labor-loathing New Democrats have been a disaster for the party and America and need to go.
Read more...How the Media Continues To Aid Trump
The media overinvests in covering Trump’s antics at the expense of his corporate-friendly policies.
Read more...America’s Coming Water Affordability Crisis
A symptom of pressure on water quality and supply: over 40 million American citizens may be unable to afford water in the next five years.
Read more...Wolf Richter: Judge Reveals Shady Side of Crushed Aetna-Humana Merger, Banks to Lick their Wounds, Aetna to Get Pummeled
Yesterday, a federal judge blocked Aetna’s $34-billion acquisition of Humanam, citing concerns that their combined pricing power would raise costs to consumers.
Read more...BluecollarAl on Our Divided Nation
Our nation seems more divided than ever. And that isn’t an accident.
Read more...Compensating the “Losers” of Globalization
There is little agreement on how government should respond to the challenge posed by “losers” from globalization.
Read more...Ending Too Big to Fail
Yves here. Remember the explosion of press coverage last year when incoming Minneapolis Fed member and former Goldmanite and Treasury official Neel Kashkari announced his intent to develop a plan to end the “too big to fail” problem. He not only was going to devote Minneapolis Fed researchers to his program, but solicited broad based […]
Read more...Helicopter Money: Loved, Not Spent
Another monetarist myth bites the dust. Consumers overwhelmingly say they would not spend helicopter money.
Read more...More on the Economic Hardship of Young Adults
Young adults have had a very rough go and don’t have good reason to expect their economic condition to improve much.
Read more...Philip Pilkington: To What Extent Is Economics an Ideology and to What Extent Is It a Useful Theory?
Why economics is more like phrenology than physics.
Read more...“Many Areas of Appalachia and Mississippi Delta Have Lower Life Expectancy Than Bangladesh”
Four Nobel Prize winners agree that rent-seeking is the biggest driver of rising inequality.
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