Wolf Richter: Welcome to 2016! With Just a Touch of Mayhem for Stocks
Stocks took a beating around the globe on the first day back in 2016. Hopes of a better year start out inauspiciously.
Read more...Category Archives: Free markets and their discontents
The Obama Report Card: The Good, the Bad and the Incomplete
Why are so many people in the soi-disant left who are not career progressives, meaning not part of the Vichy Left, so cautious about calling out Obama’s failures?
Read more...Job Guarantee Versus Basic Income Guarantee
A lively and well-informed debate on the merits of a job guarantee versus a basic income guarantee.
Read more...Matthew Cunningham-Cook: Five Reasons Tariffs Are Great
Saying tariffs could be a good thing is close to a taboo in economics. Is that distaste justified?
Read more...“Summer” Rerun: “Why America Will Need Some Elements of a Welfare State”
In 2007, the Financial Times’ Martin Wolf Wolf concluded that America needed some form of a welfare state. His argument is as valid now as then. Yet it is hard to imagine that anyone would make it now, particularly in light of the effort of soi-disant liberals to pretend that Obamacare insurance policies bear any resemblance to “universal health care”.
Read more...Debunking the Magnitude of Markets: A Holiday Story
Why markets, the god of neoliberalism, are not what they are cracked up to be.
Read more...Capitalism – Not China – Is to Blame for the Current Global Economic Decline
Capitalism’s “recovery” now proceeds like another speeding train headed toward contradiction and catastrophe.
Read more...Oxford City Football Club and its Onanistic Owner, Thomas Guerriero
Let’s start our latest illustration of how easily a reckless, internationally mobile crook can sidestep national regulators, with a helpful observation by Bess Levin at Dealbreaker in May 2010: Let it be known: if you are not interested in having your supervisor (circle all that apply:) send you videos of himself masturbating, texts about the […]
Read more...No Accounting for Accounting: A Review of Michael Perelman’s “Railroading Economics”
Is accounting suitable as a basis for business rationality?
Read more...Ilargi: Marine Le Pen Will Reap What The EU Has Sown
Thanks to EU and Eurozone misrule, Le Pen is right when she says: “Nothing can stop us”.
Read more...Labor Advisory Committee Report on TPP Synthesizes Everything Wrong About the Trade Deal
By David Dayen, a lapsed blogger and author of Chain of Title, to be released May 2016. Follow him on Twitter @ddayen. The U.S. Trade Representative’s Office has been maligned for its network of Trade Advisory Committees, allegedly “independent” counsel for trade agreements. The Washington Post did the best work on the Advisory Committees back […]
Read more...Ilargi: CON21
To halt the demise of the planet, you can’t rely on the same people who cause it.
Read more...How Economics and Race Drive America’s Great Divide
On how race plays into the operation of a “dual economy”.
Read more...Even Bank Supporters Arguing for Restoration of Glass Steagall
John Dizard, who perhaps by virtue of being one of the Financial Times’ most original and insightful columnists, is relegated to its weekend “Wealth” section, has written a particularly important pair of articles. Note that Dizard’s ambit is not policy wonkery but apt and often cynical observations about behavior and trading patterns in less visible […]
Read more...Bond, Treasury Bond: 007 is Out of Cash, but Your Government Can’t Be
So now even austerity is getting product placement in movies….
Read more...