‘Disgusting’: Trump’s Top Economic Adviser Brags About Killing 300,000 ‘High-Paying’ American Jobs
A key Trump ally engages in economic malpractice to defend Federal government slash and burn spending cuts.
Read more...Category Archives: Macroeconomic policy
The Fed, Congress, and the President: The Constitutional Authority to Make Money
The struggle over the Fed is a constitutional conflict: in a representative system, the power over money belongs to the legislature
Read more...Michael Hudson and Steve Keen: How the Global Crisis Will Unfold
Michael Hudson and Steve Keen: discuss how the Iran war economic crisis will generate inflation first, and then deflation and depression.
Read more...Clearing the Air: Fifty Answers to Our Climate Questions
We discussed Here Comes the Sun by Bill McKibben earlier this year. His message is that climate catastrophe is not foreordained, even if the current “weather” is odd and suggests that something in seriously amiss. I grew up in the American South, where “hot” is the normal state of being from April through October. One […]
Read more...Iran War: Trump’s 48 Hour Deadline Approaches; Soldiers Fearful as Lindsey Graham Calls for Their Sacrifice; Complacency in Face of Intersecting Shortages, Like Food and Plastics
Today’s Iran war update: Let us hope that this saying proves not to be germane – Things look the darkest before they go completely black.”
Read more...Satyajit Das: Iran – Even War Has Been Financialized
Satyajit Das provides a broad look at the scope and depth of the potential economic downside of the Iran war.
Read more...How Often Is ICE Acting as a Goon Squad for Landlords?
ICE helps clear apartment complexes and evict tenants while incarceration buildout throws a lifeline to commercial real estate.
Read more...Massive US War Spending Hike Raises Debt, Taxes, Doubts
As US President Donald Trump pushes the world to war, arms spending has been rising worldwide. Wars secure more budgetary allocations, mainly benefiting the US-dominated military-industrial complex.
Read more...In Praise of the Lunch Ladies Who Can Save Us from the Great American Food System
The Great American Food System™ is productive when measured by output, but it is not particularly good at producing wholesome and healthy food for the American people. The nature of healthy food has been argued for the past sixty years, with various food plates, pyramids, and other arrays used to illustrate recommendations of the day. […]
Read more...Why Governments Insist on CBDCs or Stablecoins When Most People Don’t Want Them
CBDCs could create a two-tier wealth system: non-programmable assets for the elite and total digital surveillance for the population.
Read more...Trump Support Negative Even Among White Working Class; Approval of His Agenda at Only 27%
Trump’s approval ratings continue to slide, even before polls register the effect of the ICE executions. But does that mater to him any more?
Read more...Is Your Pension Safe?
An important reminder about how pensions work and the risks of various types.
Read more...Has Public Debt Become Unmanageable?
Why alarmism about public debt is fundamentally misguided.
Read more...How the Pandemic Accelerated the Geopolitical Breakdown
Did COVID-19 deepen the crises of capitalism and inject a sense of panic into the world’s power struggles?
Read more...Will MTG’s Resignation Trigger Other Republican Exits, Ending House Majority Before Midterms?
Rumor has it that some Republican House members are as fed up as MTG was and are also considering resigning.
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