We Need to Stop the Overdiagnosis Disease. Step 1: Remove Vested Interests
Time to stop treating people as targets for disease treatments.
Read more...Category Archives: Moral hazard
The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: Mixed Economies Today, Compared To Those Of Antiquity (Part 2)
How mixed economies have mixed it up over time.
Read more...Bank Regulation Can’t Be Heads Banks Win, Tails Taxpayers Lose
At a G20 preparatory meeting, an INET panel analyzed how governments can prevent banks from exploiting taxpayer-funded bailout guarantees. The panelists didn’t mince words.
Read more...Boeing Doubles Down on 737 Max, Rejects Need for Simulator Training
Boeing is compounding its bad decisions on the 737 Max.
Read more...The Impact of Within-Group Conflict on Trust and Trustworthiness
On how life-and-death-level infighting has lasting effects on trust.
Read more...Deregulating Banks Fueled Speculation, Not Productive Investment
More proof that letting banks have their way is not such a good idea…at least for non-financiers.
Read more...PG&E Could Face Murder Charges for California’s Wildfires
Will PG&E finally get its just deserts? And even if that were to happen, what would that look like?
Read more...Stumped by the Stock Market Slump? Start by Picturing a Used Car Dealership
Trading stocks can be a lot like buying a used car.
Read more...George Herbert Walker Bush and the Myth of the ‘Good’ Gulf War
Correcting revisionist history about Bush the Senior and the first Gulf War.
Read more...The Global Financial Crime Wave Is No Accident
Financial crime is a feature of our global financial system not a bug, pioneering economist Susan Strange recognized.
Read more...Michael Hudson: “Moral Hazard” vs Mutual Aid – How the Bronze Age Saved Itself from Debt Serfdom
Bronze Age societies forgave agricultural debt to keep cultivators working on their land, able to pay taxes and work in the military and on public projects. Lenders were seen as greedy and exploitative.
Read more...How Private Equity Bankrupted Seven Major Grocery Chains for Fun and Profit
Grocery chains as yet another example of private equity looting, and what policymakers should do to stop that.
Read more...Rethinking AI Through the Politics of 1968
All the initiatives that want to make AI ethical seem to think it’s about adding something i.e. ethics, instead of about revealing the value-laden-ness at every level of computation, right down to the mathematics.
Read more...Why Dodd-Frank Is a Protection Racket for Banks
How Dodd-Frank left banks’ massive lending and safety-net subsidies intact.
Read more...How CalPERS CEO Marcie Frost’s Efforts to Organize Astroturf Support Are Compromising Her
If she succeeds, the survival efforts of CalPERS CEO Marcie Frost will come at a cost to the giant pension fund.
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