Postponing the World’s Financial Winter – For How Long? Iran’s MAD Standoff with the Rest of the World
Micheal Hudson describes how the US and Iran threats against energy production is MAD, as in mutual assured destruction.
Read more...Category Archives: Free markets and their discontents
Radhika Desai and Michael Hudson: The Blockade Stage of Trump’s Absurdities
Radhika Desai and Michael Hudson on the media and market disconnect between Trump Iran barker talk and dire economic and political effects.
Read more...Home Care Workers Launch Hunger Strike as 24-Hour Work Shifts Persist
The battle over 24-hour care shifts has pitted the mostly immigrant women against vulnerable patients who rely on round-the-clock care.
Read more...Economic Questions: Guy Standing and the Rise of the Precariat
Guy Standing’s notion of the precariat, and his policy observations and prescriptions.
Read more...Iran War: US Imposing Strait of Hormuz Blockade Monday AM; Experts Criticize Further Pressure on Oil Prices, Illegality, and Risk of Failure; Will Houthis Close the Red Sea to Back Iran?
Today’s Iran war update: Trump again demonstrates his need to dominate results in self, US and global harm, here with a barmy blockade plan.
Read more...‘Disgusting’: Trump’s Top Economic Adviser Brags About Killing 300,000 ‘High-Paying’ American Jobs
A key Trump ally engages in economic malpractice to defend Federal government slash and burn spending cuts.
Read more...Satyajit Das: BNPL – Buy Now, Pain Later
A look at the economics of the hot new way to create yet more debt slaves: BNPL, as in buy now pay later loans.
Read more...Why Europe Can Still Face a Gas Crisis Without a Gas Shortage
The EU’s plans to buy US oil, LNG, and nuclear energy products to lower reliance on Russian gas by 2028 is costly!
Read more...The Fight Over ‘Critical Minerals,’ Explained
How the US is playing dog-in-the-manger with critical minerals by disregarding WTO rules so as to stymie China.
Read more...The Fed, Congress, and the President: The Constitutional Authority to Make Money
The struggle over the Fed is a constitutional conflict: in a representative system, the power over money belongs to the legislature
Read more...As Rocket Launches Increase, They May Be Polluting the Skies
Research suggests that rocket exhaust and debris could be threatening the ozone layer, though uncertainties persist.
Read more...Coffee Break: The Fallacy of ESG, Baseball, Deep Education, and More AI Follies
Good afternoon. Time for a break. Given the wall-to-wall coverage by Yves and others here, nothing explicit on this Good Friday about the Ramadan War in West Asia. Instead, herewith a few reflections during holy season of the three great Abrahamic traditions. Part the First: Ethical Capitalism? Some argue about whether business can be ethical. […]
Read more...How Polling Failures, Gambling Legalization and Political Gridlock Paved the Way for the Explosive Rise of Prediction Markets
In the opinion of this humble blogger, prediction markets epitomize what is wrong with modern society. l
Read more...Michael Hudson and Steve Keen: How the Global Crisis Will Unfold
Michael Hudson and Steve Keen: discuss how the Iran war economic crisis will generate inflation first, and then deflation and depression.
Read more...Drillers See Triple-Digit Crude and Hit the Brakes
Why drillers won’t be sucker punched by increasing production in response to a very large price increase that may be short-lived.
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