The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: Mixed Economies Today, Compared To Those Of Antiquity (Part 2)
How mixed economies have mixed it up over time.
Read more...Category Archives: Free markets and their discontents
Money Talks, Big Time: 1% Politics and the Scandals of A New Gilded Age
A social order where the power of money plays an outsized role looks illegitiamate, particularly when citizens have been sold the myth of meritocracy.
Read more...World Bank Financializing Development
Why having public sector development funds “leverage” private capital is a bad idea.
Read more...The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson About His Forthcoming Book The Collapse of Antiquity (Part 1)
Michael Hudson describes how, in antiquity in Greece and Rome, emerging oligarchs ended the practice of debt jubilees, impoverishing laborers.
Read more...MMT Scholars’ Predictive and Policy Successes – Part A
Bill Black highlights how prominent economists apply double standards with respect to MMT.
Read more...Bank Regulation Can’t Be Heads Banks Win, Tails Taxpayers Lose
At a G20 preparatory meeting, an INET panel analyzed how governments can prevent banks from exploiting taxpayer-funded bailout guarantees. The panelists didn’t mince words.
Read more...Boeing Doubles Down on 737 Max, Rejects Need for Simulator Training
Boeing is compounding its bad decisions on the 737 Max.
Read more...Does Capitalism Kill Cooperation?
Economists fetishize innovation. But do they appreciate the importance of cooperation in getting there?
Read more...Trump Administration And Democrats Return Health Law To Political Center Stage
Trump is now seeking to gut the ACA in its entirety. How might the battle over health care play out?
Read more...Profile of a Scam: How Rick Singer Built a College Entrance Cheating Machine
An important Wall Street Journal story digs into how Rick Singer created his college entrance cheating empire.
Read more...Taxcast: Mainstream Media Misrepresentations of the Financial Crash
This month’s Taxcast discusses misleading reporting from the mainstream media on the financial crisis: it was overloaded with finance ‘experts’, fed us all sorts of misunderstandings about the financial crash, sold us the austerity narrative, and omitted alternative solutions.
Read more...Airbus and Boeing Are Signing Economic Suicide Pacts With China
Western companies that ought to know better are setting themselves up to have their lunch eaten by China.
Read more...Work of the Past, Work of the Future
How the change in the nature of work has helped increase income inequality.
Read more...Costly Confusion: Patients Caught by Medicare Not Covering Annual Physical Exams
Yves here. This post presents a classic example of why medical care in America sucks. It’s too much about billing and not enough about patient care. I know patients who can have a yearly visit to an MD covered under their plan as either a physical or a medium complexity visit for conditions for which […]
Read more...Brexit Delay Will Not Postpone Deglobalisation
The world economy has experienced deglobasation phases before. How this one differs from its predecessors.
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