Classical economics recognized the costs of rent extraction, excessive borrowing, and encouraging speculation over commerce. Ideologues have turned those lessons on their head.
Read more...Trump’s tax plan reveals that his economic populism is three-card Monte.
Read more...It should come as no surprise that the Peterson Institute has managed to model the impact of the TPP so that it does not increase unemployment.
Read more...Michael Hudson speaks with Justin Ritchie on his favorite topics, such as debt deflation, austerity, classical economists on rentiers, and the coming financial cold war.
Read more...A query to readers with children in or who have very recently graduated from public school: has education stagnated, as experts suggest, or is it getting worse?
Read more...It’s easier for liberals to blame Trump voters for racism than to blame themselves for the job-loss and pain of the working class.
Read more...Neoliberals want ordinary people to accept that their standard of living will decline. It’s not hard to see whose interest that story promotes.
Read more...Krugman shifts ground (yet again) as hostility to the negative effects of trade deals appears to be a big component of Sanders’ Michigan upset
Read more...Social Security enemy Larry Fink appears to have troublingly high odds of becoming the Clinton Treasury Secretary nominee.
Read more...The Trans-Pacific Partnership will lead to job losses overall, with the US taking the biggest hit.
Read more...Why Clintonomics does not live up to its PR.
Read more...James Galbraith examines the used forecast by Christine Romer and David Romer to attack Gerald Friedman’s favorable review of Sanders’ plan. He’d already shellacked the methodology in a 2014 book.
Read more...Why income inequality is likely to remain high.
Read more...The elites in America are so cloistered that Robert Reich has to tell them why the natives are restless.
Read more...Explaining how the Federal Reserve and central bank policies like QE, saved the banks at the expense of wrecking the real economy.
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