Why Economic Recovery Requires Rethinking Capitalism
Capitalism needs a dose of socialism, aka public works. Mission-oriented public investment is vital to revive private-sector investment.
Read more...Category Archives: Free markets and their discontents
The Retreat of Financial Globalization?
Financial globalization, meaning high levels of funds movement across borders, has fallen, and that’s a good thing.
Read more...Suspected 5th Columnist Streetwise Professor Knocks Blockchain… But Defends Elites
Why are self-styled progressive economists like the Streetwise Professor criticising Blockchain boosters but making excuses for our elites?
Read more...Will Trump Be Rolled by the Republican Establishment?
If Trump is serious about policies like rebuilding infrastructure and reducing foreign conflicts, can he prevail over his party’s establishment?
Read more...Panama Papers: The Role of Western Secrecy Jurisdictions in Looting Africa
Africa, despite having many of the poorest countries in the world, is nevertheless a capital exporter due to bank secrecy and tax gaming.
Read more...The Old Democrat Wall Street Plus Identity Politics Playbook is Dead
The Democrats need to reinvent themselves. Appeals to identity politics will not deliver enough votes.
Read more...Bill Black: Liberals Didn’t Listen – The Immense Cost of Ignoring Tom Frank’s Warnings
Why liberals (which do not forget is not the same as the left) reaped the whirlwind in the elections
Read more...Gaius Publius: TPP Is a Monopoly Protection Scheme, the Exact Opposite of a “Free Trade” Deal
Obama is determined to pass the TPP in the lame duck session, so yet another reminder of what this deal is really about.
Read more...Monetary Policy at the Time of Elections
How much was the Federal Reserve standing pat on interest rates linked to the election, and what can be expected for the future?
Read more...Did the Farm Credit System Change Americans’ Thinking About Credit?
How and why the farm credit system served as the first Federal experiment in using cheap credit as an economic and policy tool.
Read more...Wolf Richter: Come on Moody’s, Spare Us These Falsehoods: That $1.3 Trillion “Overseas Cash” Is Already in the US
Moody’s turns into tax lobbyist for its biggest corporate clients.
Read more...A Colorado Ballot Measure Could Make it Nearly Impossible to Ban Fracking
Green groups hope to amend the Colorado constitution so communities can ban fracking. An industry-sponsored amendment could block that.
Read more...Michael Hudson on Meet the Renegades
Michael Hudson gives a freewheeling interview on some favorite topics like rentier capitalism and why the Great Moderation wasn’t so great.
Read more...Whom to Trust: Why We Persistently Get It Wrong
Placing trust in the wrong person can be costly, yet most rely on their beliefs about cheating rather other means of protecting themselves.
Read more...Easy Money is Dangerous Without Activist Fiscal Policy
Why over-reliance on monetary policy and the failure to engage in fiscal deficits is a toxic mix.
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