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...Category Archives: Income disparity
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...Iran War: More Signs of a Long Conflict and Resulting Severe Economic Damage
The latest Iran war update: both sides dig in, virtually assuring at least a long-ish conflict and economic devastation.
Read more...The Economic Consequences of a Low-Skilled Immigration Sudden Stop: Evidence from Korea’s Guest Worker Programme
The example of South Korea suggests that a halt in immigration by low-skilled workers does not boost pay or job conditions for natives.
Read more...Claims About Genetic Superiority Ignore the Real Drivers of Human Inequality
People should be more concerned with the effects of the policies imposed by the Trumps and Musks of the world than the DNA passed on by their parents.
Read more...Boomerangs of Empire: Latin America as Colonial Laboratory
A Latin America case study on how the pursuit of empire has come to haunt the US.
Read more...Causal Evidence on Cost-of-Living Shocks: How the Energy Crisis Affected Energy Demand, Labour Supply, and Financial Strain
Quelle surprise! Poorer households have to make across-the-board spending cuts when hit with a price shock.
Read more...Economic Questions: The Thorstein Veblen Question
A timely recap of Thorstein Veblen’s theory of conspicuous consumption and its implication.
Read more...Widening the ‘We’: Meeting the Crisis of Common Sense
Oligarch overreach on every front presents challenges—and opportunities.
Read more...In Latest Blow to Trump’s Mass Deportation Plan, Judge Blocks Overhaul of Immigration Appeals
Trump is losing in Iran and on the immigration front as a Federal judge backs Constitutional due process rights over efficiency.
Read more...Why Chase Taylor Swift? Stop the Corporate Looting That Makes Billionaires
A case for tackling the corporate machinery driving extreme wealth, and the reforms that could truly curb it.
Read more...Companies Report Raging Inflation, Except in Wages & Rents
Companies tamp down on wage increases thanks to double-digit inflation in employee health insurance, hurting real household incomes.
Read more...AI and the Distribution of Income Between Capital and Labour
AI is working according to plan, further enriching the owner class at the expense of workers.
Read more...Trump Policies and “Donald Dash” Expats Produce Net Emigration for US, Prospective Population Shrinkage
The US showed net emigration in 2025, with an increase in expats bumping up over a rising trend line.
Read more...Pets Are Expensive and Shelters Are Packed. Advocates Say Mamdani Should Help.
A proposal to fund spay and neuter surgeries plus low-cost vet clinics and pop-up food pantries seeks to keep pets with their families.
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