Crash Landing? Part 1 – Bonfire of the Banks
Satyajit Das looks at how banks got themselves into so much trouble and what the recent bailouts portend.
Read more...Category Archives: Free markets and their discontents
The Fed Accused of ‘Playing With Fire’ After Latest Rate Hike
The Fed confirms that its priority is crushing workers, and it believes it’s protected banks enough to allow it to continue.
Read more...Kshama Sawant: Workers Strike Back
Sawant wants to take more forceful and concerted steps to advance workers’ interest. How do her ideas stack up?
Read more...How Monetary Policy Affects Bank Lending and Financial Stability: A ‘Credit Creation Theory of Banking’ Explanation
Another nail in “loanable funds”, which justfies austerity but does not explain how central banks produce credit and monetary growht.
Read more...How the Current Refusal to Deal Harshly with Failing Banks and Their Executives Will Create an Even Bigger Crisis
Why the expected official response to this bank panic wil make matters much worse, just not right away.
Read more...Medicare Advantage Uses Algorithms to Block Care for Seniors
How AI is institutionalizing Medicare Adantage fraud, to the degree that appeals of denials often outrun the patient’s life.
Read more...Why is America So Anti-City? It Holds Back the Entire Country
oth parties are exacerbating the city/country split. How different are their interests?
Read more...Fed, Central Banks Created the Current Crisis and Are on Course to Making Matters Worse
The Fed has a lot of ‘splaining to do, yet seems determined to keep doing the wrong thing.
Read more...Minnesota Becomes 4th State to Provide Free School Meals to All Kids
Child labor makes a comeback as there’s no such thing as a free lunch in 46 US states.
Read more...Medicare Plan Commissions May Steer Beneficiaries to Wrong Coverage
More Medicare “buyer beware” alerts.
Read more...Were the Bank Bailouts the Result of Rising Wealth Concentration?
Are many of the explanations of the recent bank tsuris barkign up the wrong tree?
Read more...The High and Getting Higher Cost of Renting in the US
Why renting is even more expensive than ever, even pinching the soi-disant middle class.
Read more...Norfolk Southern CEO Makes Obligatory Congressional Appearance But Doesn’t Commit to Rail Safety Changes
The Norfolk Southern CEO dialled in his Congressional testimony as more and more damning details about the Ohio crash emerge.
Read more...Michael Hudson Talks to Ben Norton About SVB and Bank Failures
Michael Hudson gives a wide-ranging talk on SVB and other recent bank collapses, focusing on the considerable role of misguided Fed policies
Read more...SVB and the Only Choice We Have
How the SVB bailout confirms the dedication of the elites to self interest only.
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