The Brexit Rupture Coming Down Under
Now that the Conservatives are showing more resolve about moving ahead with Brexit, even politicians in Australia are changing course.
Read more...Category Archives: Free markets and their discontents
Democracy. Capitalism. Socialism. Choose Any Three of the Above
Why capitalism, socialism, and democracy are necessary for any country’s prosperity, economic freedom, and economic well-being.
Read more...When Bank Boards Get Too Cozy, Expect Misconduct
Why regulators and investors need better measures of the connections between bank executives and their boards.
Read more...Stumpf is Still Faking It – Claims 75% Couldn’t Resist Wells Fargo Credit Cards
In a not-exactly-shocking development of the ongoing Wells Fargo account faking scandal (see our previous coverage here, here and here if you’re late to the party and need a quick catch-up) CEO John Stumpf, fighting a rear-guard action, is making outlandish claims about how, having begun the process of contacting customers who it has cause to […]
Read more...Wells Fargo CEO Stumpf Tries to Brazen Out Fraud as Congressmen Call Wells a “Criminal Enterprise,” Demand Breakup
Stumpf has another deservedly bad day in the Congressional hot seat.
Read more...Self-Driving Cars: Will the Dogs Eat the Dog Food?
Ethical problems inherent in programming self-driving cars could make them hard to market.
Read more...Wolf Richter: “Negative Growth” of Real Wages is Normal for Much of the Workforce, and Getting Worse – New York Fed
The Fed ‘s creative euphemisms for how real wages are sinking for many won’t keep threats like Trump at bay.
Read more...The Nobel Prize in Economics: How It Took a Hard Neoliberal Turn
How the so-called Nobel Prize in economics came to validate neoclassical thinking, even as it failed in Sweden.
Read more...Rethinking Macroeconomic Theory Before the Next Crisis
Only after the US subprime financial crisis began have the macroeconomic and monetary theories of mainstream economists been questioned.
Read more...Popular Acceptance of Inequality Due to Brute Luck
People don’t mind inequality due to “brute luck”…but is one man’s brute luck another man’s rigged system?
Read more...Income Inequality in a Globalising World
Absolute inequality around the world has increased, challenging the purported benefit of globalization.
Read more...Backlash Against Trade Deals: The End of U.S.-Led Economic Globalisation?
Why the backlash against the overreach of US trade deals, as embodied by the TPP and TTIP, is well warranted.
Read more...The Rise and Rise of the Bubble Managers
It’s becoming even more obvious that Fed policy is focused on keeping the bubble inflated over real economy concerns.
Read more...Negative Effects of Immigration on the Economy
Working through explanations as to why US immigration has been negatively correlated with growth.
Read more...Wolf Richter: Why Hanjin’s Zombie Collapse Won’t Be the Last One
China Containerized Freight Index remains near record low.
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