Beyond Credit Rating to Stabilizing an Unstable Economy
The third part in a three-part series on how to fix what is wrong with credit rating agencies.
Read more...Category Archives: Free markets and their discontents
Michael Hudson: William Goetzmann’s Money Changes Everything – A Travesty of Financial History Which Bank Lobbyists Will Applaud
Why William Goetzmann’s Money Changes Everything is unadulterated Austrian twattle.
Read more...Instability in Capitalist Economies and a Better Way to Think About Credit Risk
Instability in capitalist economies comes from the quest for profit. And that has implications for credit ratings that are often ignored.
Read more...How MBA Programs Drive Inequality
How MBA programs reinforced the inequality-promoting neoliberal economic model.
Read more...The UK Vote to Leave European Union
A judicious, high level overview of the Brexit vote and its implications, the big one being that it moves Britain to the right.
Read more...Brexit Empty Threats: The UK’s Fantasy of Becoming a Big Tax Haven
How a naive idea about the UK becoming a big fat tax haven to stick it to the EU reveals a lot about official and pundit thinking.
Read more...Crisis After Brexit: Let Us Put An End to the Old Europe of Denigrators
Europe’s tall order for combatting Brexit: “What is called for is a union so good that people will want more of it.”
Read more...Bill Black and Stephanie Kelton: Is it Time for a New Deal Federal Jobs Program?
On the need for New Deal levels of spending on national priorities and the myths and political grifting that prevent it.
Read more...The Cambridge Capital Controversy, or Why Microeconomics is All Wet
Why the Cambridge capital controversy is important yet almost never acknowledged: it’s too damaging to too many pet theories.
Read more...Nassim Nicholas Taleb: How to Own a Slave
In what ways has the employer-employee relationship come to resemble slavery?
Read more...Unfounded Debt Fears Block Economic Recovery
Debt scaremongering as voodoo economics.
Read more...Elizabeth Warren Opens Broad Attack Against Rent-Seeking Oligopolists Like Amazon, Apple, Google, Walmart, Comcast
Curiously, Elizabeth Warren is taking aim at powerful interests that are deeply loyal to Hillary Clinton. The plot thickens.
Read more...Brexit: Huge Spanner in the Works – Negotiation of New UK Trade Deals Verboten Till Exit Complete
“Tortuous” does not even begin to describe how hard it will be for the UK to strike post Brexit trade deals. Negotiations cannot begin until the UK has left the EU.
Read more...Bill Black: The Terrible Cost to Democrats and Our Nation of Ignoring Tom Frank’s Warnings
A high level description of how Democrats and Labor sold out the working class, and how that served a narrow interests at great cost.
Read more...Ethereum and Smart Contract Unicorn Woo-Woo – There Should Be a Law Against It
Why Ethereum and smart contracts don’t and will never live up to their hype.
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