Category Archives: Macroeconomic policy

A Hard Look at Rent and Rent Seeking with Michael Hudson & Pepe Escobar

An in-depth discussion of financial capitalism versus earlier models and the Chinese and Russian approach, with a focus on the role of rent.

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Polarization, Then a Crash: Michael Hudson on the Rentier Economy

Michael Hudson discusses the chokehold of pro-finance, pro-rentier capitalism reaching into the present COVID-19 crisis.

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Larry Summers’ Opposition to $2000 Covid Payments Confirms Our Classic: “Why Larry Summers Should Not Be Permitted to Run Anything More Important than a Dog Pound”

Larry Summers is at it again.

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Jamie Galbraith: How Jason Furman and Lawrence Summers Reinforce a Destructive, Debunked Mainstream Paradigm to Support Deficit Spending

To defend deficits, Furman and Summers relied on debunked theories, thus preserving destructive mainstream economic ideas.

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Rana Foroohar and Mark Blyth on Democrats Trying to Please Too Many Money Masters at Once

The Democrats will soon decide which campaign promises will be ignored or walked back. Sandernistas, brace yourselves.

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