Category Archives: Free markets and their discontents

Fossil Fuel Industry Phase-Out: Three Critical Worker Guarantees for a Just Transition

PERI research shows just transition policies are easily affordable in all high-income countries and critical to limiting climate change

How Debt Dynamics Polarize Economic and Political Power

An overview from Michael Hudson’s new book, The Collapse of Antiquity, which extends his analysis of how debt creates an entrenched elite.

Artificial Intelligence in Medicare Advantage Plans Impedes Access to Care

Another reputable body reports more examples of Medicare Advantage plans using AI to engage in insurance fraud.

What’s Actually Behind the Banking Crisis? Why You Pay When They Play.

Law and economics expert Walker Todd explains how a financialized system creates havoc and why it’s time to rethink banking

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.

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.

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.

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.

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.

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?

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.

Medicare Plan Commissions May Steer Beneficiaries to Wrong Coverage

More Medicare “buyer beware” alerts.

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?