US Affordable Housing Policy Works for Wall Street and Rich Developers, Not Renters
Current policy doesn’t provide affordable housing very well but does a good job of lining the pockets of real estate interests.
Read more...Category Archives: Free markets and their discontents
The Long Goodbye? Mitch McConnell and Big Money Politics
In a political system whose primary currency is not the vote but the dollar, McConnell’s role as leader has been well-earned.
Read more...How Geopolitics Is Changing Trade
Western measures against Russia and China measures have affected global trade. But what of actual winners and losers?
Read more...Apple’s “Crush” Ad, Rentierism, and the End of Capitalism?
Apple’s dystopian ode to rentierism.
Read more...Elections and Devaluations
Quelle surprise! Regimes facing elections often goose their economies, leading to currency appreciation pre-vote and devaluations afterwards.
Read more...Work Longer, Die Sooner! America’s Dire Need to Expand Social Security and Medicare
Experts describe how requiring U.S. seniors to work in their old age often threatens their health and well-being.
Read more...Michael Hudson: Parallels Between Archaic Entrepots and Modern Offshore Banking Centers
There is perilous little that is novel in modern finance. Our offshore, as in tax havens, have analogues in the ancient world.
Read more...Satyajit Das: The Rich Are Different!
A discussion of how the rich got to be that way and why their justifications for their advantaged status don’t stand up to much scrutiny.
Read more...European Economic Security in an Age of Interdependence
Europe leaders and experts are spooked by what Covid and Ukraine war, erm, energy actions have done to their supply sources. What to do?
Read more...The Problem of Feeding a Still-Growing Population: Nitrogen, Agrochemical Corporations and International Trade: A Perilous Mix
Industrial farming, with its international trade and specialization, has disturbed the nitrogen cycle, undermining the feeding of the world.
Read more...The Geography of EU Discontent and the Regional Development Trap
More and more EU voters are rejecting the Union, as some like to call it. Economic malaise looks to be a big reason why.
Read more...After Much Posturing, US Imposes (So Far) Underwhelming Sanctions Against China for Russia Trade
After sending Yellen and Blinken to China to make threats, the Administration has imposed some strikingly weak sanctions
Read more...Oh Deary, Where Did My Rate Cuts Go? Fed’s Wait-and-See Now Entrenched? And Suddenly Lots of Talk About “Rate Hikes”
What Fed chair Powell said about rate hikes, no rate cuts, rate cuts, and the QT slowdown while getting rid of MBS entirely
Read more...TaxCast #142: Blockchain Havens
How blockchain/crypto tax havens are displacing traditional tax havens.
Read more...Stasi in the West
Governments across the West are enacting more draconian measures to silence all criticism and are increasingly asking citizens to inform on one another.
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