FTX’s Collapse Mirrors an Infamous 18th Century British Financial Scandal
Perilous little is novel in finance, particularly scams like FTX.
Read more...Category Archives: Free markets and their discontents
The 2022 Globie: Money and Empire – Perry Mehrling on Charles Kindleberger
Perry Merhling’s recent book on Charles Kindleberger finds he had prescient beliefs about the need for a prudent international money minder.
Read more...Thomas Frank on How the Feckless Democrats Trashed the American Middle Class
How Democrats abandoned populist economic ideas and whether there is a future for progressivism.
Read more...Russia Says Europe Will Struggle To Replace Its Oil Products
More debate over the impact of Western sanctions on oil price.
Read more...Cal Grad Student Worker Strike Ends With Deal Panned by Many Rank-and-File Union Members
One dissenting student negotiator said the tentative agreement “does not come close to our initial demands and it leaves a lot of our co-workers still rent burdened, still impoverished.”
Read more...Reviewing Healthcare Costs as Driven by Pharma, Hospitals, and Doctors
Decomposing the rise in US healthcare costs. Of course, it’s not much due to more or better care, but higher charges.
Read more...FTX/Alameda’s Caroline Ellison and Gary Wang Sign Plea Deals for Seven Felonies in Hopes of Reduced Sentences; New SEC Filing Adds Charges Based on Deeming FTT a Security
More shoes drop in the FTX saga as Caroline Ellison and Gary Wang cooperate with officials and we get an idea of the tales they are telling.
Read more...Big Pharma’s Obscene Profits, Not Striking Nurses, Are Killing the NHS
US patients are not the only victims of Big Pharma price gouging.
Read more...Monopoly Power vs Democracy – Matt Stoller
A wide-ranging discussion of some of the key mechanisms for exercising power in advaced economies, starting with monopolies.
Read more...Meet the Grinch Stealing Social Security, the Future of Gen Y And Z
ow Social Security is a victim of wage stagflation.
Read more...The Political Disruptions of Fiscal Austerity
Confirmation that austerity is bad for political stabiity because ordinary citizens don’t take well to their governments treating them badly.
Read more...Michael Hudson Discusses the Future of Europe and Global Restructuring
Michael Hudson describes how the war with Russia is changing the economic and political order, and not to the advantage of Europe and the US.
Read more...Stocks Open Eyes, See Fed Pivot Hawkish; ECB Hike into Recession, Start QT; BoE Hike into Recession; SNB Hike, Sell Foreign Currency Assets
ECB’s assets drop by €800 billion. Mexico hiked too today, way ahead of the Fed, keeps peso from falling against USD.
Read more...Bankman-Fried, Political Money, and the Crash of FTX
How FTX showering money on both parties to try to paralyze regulators.
Read more...Needed Global Financial Reforms Foregone Yet Again
The pathologies that produced the financial crisis are still circulating.
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