Category Archives: Politics

The Good, the Bad, and the Ugly About the Fed’s New Credit Allocation Policy

Why using credit as an economic remedy evenutally does more harm than good.

Beneath the Bluster, Boris Johnson’s ‘New Deal’ Offers Nothing New

Boris Johnson’s effort at a New Deal Big Lie goes splat.

The Federal Government Always Money-Finances Its Spending: A Restatement

An explanation of the mechanics of Federal spending, with emphasis on the role of the Fed and Treasury.

Do Cry for Those in Arizona: What Happens When Politicians Disregard Health Care and Public Health Professionals During a Pandemic

How Arizona epitomizes the backwards approach the US has taken to its health care crisis.

Yanis Varoufakis: Interview with Léa El Azzi on Capitalism After the Pandemic, Europe, Greece, Lebanon & the IMF

A discussion of the state of capitailsm, with a European/Lebanase slant.

We Won’t Have a Truly Global Economy Until We Tax It That Way

Tax is an enormously powerful tool for shaping economic policy and thus bears close watching.

WSJ Says Banks Can’t Determine Who Is Credit-Worthy: More COVID-19 Fallout

WSJ says banks can no longer determine who is credit-worthy using existing models – more COVID-19 fallout, this of uncertain magnitude.

Global Covid-19 Cases Top 10 Million As HHS Secretary Warns ‘Window is Closing’ to Get Disease Back Under Control in US

HHS Secretary Alex Azar concedes the US may have lost control of the COVID-19 pandemic after a surge in cases.

Pentagon Porks Up as Covid-19 Bleeds Economy

Quelle surprise! Pentagon grifting continues apace, even in the face of a full-bore domestic crisis.

Waste Watch: Plastic Free July in the Age of COVID-19

As COVID-19 swamps the world, other problems remain. Commit to a plastic free July and mitigate the world’s plastic problem.

Bayer Agrees to $10.9 Billion Glyphosate Settlement

Bayer agrees to $10.9 billion glyphosate settlement, resolving much pending US litigation. The company still faces European woes.

‘Downright Dangerous’: Trump Moves to End Federal Support for Testing Sites as US Sees Record Daily Spike in Covid-19 Infections

Trump administration moves to curtail COVID testing – on theory that if there’s no test showing the tree fell in the forest, it did not fall.

America Sits on Its Hands as Covid-19 Cases Rise

More signs of Covid-19 breakdown.

Can the Aspen Institute’s Elite Economists Beat the Coronavirus Depression?

A careful look at a new set of rescue schemes devised by some Serious Economists. Honestly, even Larry Summers could do better than this.

Board Member Margaret Brown Sues CalPERS, Board President Over Gang-Style Retaliation for Efforts to Oppose Its Incompetence

Board member Margaret Brown has finally had it with CalPERS’ dirty tricks.