“Inflation’s Comeback”
Some at-times unintentionally revealing Serious Economist discussions of inflation risk.
Read more...Category Archives: Market inefficiencies
Wolf Richter: Judge Reveals Shady Side of Crushed Aetna-Humana Merger, Banks to Lick their Wounds, Aetna to Get Pummeled
Yesterday, a federal judge blocked Aetna’s $34-billion acquisition of Humanam, citing concerns that their combined pricing power would raise costs to consumers.
Read more...The Global War on Cash – Lessons from History
Introduction Regular readers will be fully up to speed on the Reserve Bank of India’s botched attempt at a handbrake turn style demonetisation thanks to Jerri-Lynn Scofield’s thorough coverage (see here, here and here for more background on this sorry tale). But the Indian government’s attempt at implementing a strategy of moving an economy away from physical cash […]
Read more...Capitalism in the Time of Trump?
Neoliberal capitalism has led to underinvestment, lowering productivity and increasing inequality. Will Trump make things better or worse?
Read more...Michael Hudson: Economists’ Deadly but Innocuous-Seeming Proclamations
A wide-ranging interview by Michael Hudson on the mind games that economists play.
Read more...Can Uber Ever Deliver? Part Two: Understanding Uber’s Uncompetitive Costs
Why Uber is the taxi industry’s high cost producer and cannot grow into profitability.
Read more...Bill Black: Bloomberg Notices Paul Romer’s Indictment of Macroeconomics
World Bank economist Paul Romer calls out obvious defects in macroeconomics, and is treated as a bomb-thrower.
Read more...A Review of David Fleming’s Lean Logic (and Resilience)
Resilience in complex systems and slack systems.
Read more...Rethinking Macroeconomic Theory Before the Next Crisis
Only after the US subprime financial crisis began have the macroeconomic and monetary theories of mainstream economists been questioned.
Read more...Michael Hudson: Celebrating the One Percent – Is Inequality Really Good for the Economy?
The backlash has begun. Prominent economists are upping their game in trying to depict the gains of the One Percent as virtuous and beneficial.
Read more...David Harvey and Capitalist Hypertension
David Harvey on the circulation of capital, crisis, and the shipping crisis.
Read more...Does Wall Street Do “God’s Work”? Or Even Anything Useful?
Bank executives frequently proclaim that Wall Street is vital to the nation’s economy and performs socially valuable services by raising capital, providing liquidity to investors, and ensuring that securities are priced accurately so that money flows to where it will be most productive. There’s just one problem: the Wall Street mantra isn’t true.
Read more...Bill Black: Thomas Friedman’s Big Idea for Hillary – Embrace Wall Street and Deregulation
Help us, Tom Friedman is at it again…
Read more...Elizabeth Warren Opens Broad Attack Against Rent-Seeking Oligopolists Like Amazon, Apple, Google, Walmart, Comcast
Curiously, Elizabeth Warren is taking aim at powerful interests that are deeply loyal to Hillary Clinton. The plot thickens.
Read more...MIchael Hudson: The Slow Crash
Michael Hudson discusses some of his favorite themes; debt deflation, the high cost of consumer debt, negative interest rates.
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