How Financial Crises Produce Political Polarization
Financial crises move the struggles between debtors and creditors into the political sphere.
Read more...Category Archives: Free markets and their discontents
Economists are Divided over Brexit
Even those economists that think Brexit is a disastrous idea differ on how severe the downside would be.
Read more...Questioning Immigration is Not Racism
Immigration programs need to be socially, economically and politically sustainable or they will generate resentment.
Read more...Men Exiting Workforce as Low-Wage Jobs Vanish
Contrary to its intent, a report explaining why labor force participation among prime-age men has fallen reveals how Obama has failed.
Read more...Do You Vote Democrat As A Default Position? BIG Mistake!
A list of Congressional Democrats on the Wall Street meal ticket.
Read more...Slavery At Sea: The Ugly Underbelly Of Oil Shipping
A Pulitzer-prize wining series last year exposed slavery in commercial fishing. Sadly, it is taking place in oil shipping too.
Read more...North Carolina Threatens to Cancel Toll Road Project, Showing Political Risk of Infrastructure Deals
North Carolina’s House has voted to exit a toll road deal despite high expected cancellation costs.
Read more...Brexit Risk and Nigel Farage: We Know Where His Mouth is (“England”), But is His Money Offshore?
Is Nigel Farage’s wealth offshore? Is that why he’s so calm about Brexit?
Read more...French President Threatens to Outlaw Protests Against Labor Reforms
An update on the labor protests in France.
Read more...Unequal Gains: American Growth and Inequality Since 1700
American history suggests that inequality is not driven by some fundamental law of capitalist development, but rather by episodic shifts in five basic forces: demography, education policy, trade competition, financial regulation policy, and labour-saving technological change.
Read more...The New Education Reform Lie: Why Denver Is a Warning Sign, Not a Model, for Urban School Districts
The charter school movement ‘s claims of better results are marketing hype, as Denver demonstrates.
Read more...Mathew D. Rose: Brexit – The End of the Universe
Germany is determined to teach the UK a costly lesson if it dares to defy its hegemony via a Brexit.
Read more...And Now, Price Deflation in India and China?
Price deflation, and classic debt deflation dynamics, are staring to appear in India and China.
Read more...TSA as Example of Privatization Playbook: Make an Agency Perform Badly By Underfunding It….
A case study of how privatization vultures weaken public agencies so as to turn them into their prey.
Read more...Hensarling’s “Market Regulation” Replacement to Dodd Frank Proves He Does Not Understand Banking
Yves here. Steve Waldman wrote a definitive post in 2009, Capital can’t be measured, on a core issue that Black discusses here. A key section: So, for large complex financials, capital cannot be measured precisely enough to distinguish conservatively solvent from insolvent banks, and capital positions are always optimistically padded. Given these facts, and I […]
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