What It Means for Hunger to Burn Through the Pentagon’s Ranks
Food insecurity, aka hunger, afflicts from one in eight to one in four military families per recent studies.
Read more...Category Archives: The destruction of the middle class
Nepo Babies and the Myth of the Meritocracy
Meritocracy has become an empty idea in America. That’s a problem.
Read more...The Great Inflation Debate: Supply Shocks and Wealth Effects in a Multipolar World Economy
A new analysis finds our inflation comes first from Covid/sanctions supply shocks and second, spending by the rich, not government spending.
Read more...Thomas Frank on How the Feckless Democrats Trashed the American Middle Class
How Democrats abandoned populist economic ideas and whether there is a future for progressivism.
Read more...Cal Grad Student Worker Strike Ends With Deal Panned by Many Rank-and-File Union Members
One dissenting student negotiator said the tentative agreement “does not come close to our initial demands and it leaves a lot of our co-workers still rent burdened, still impoverished.”
Read more...Big Pharma’s Obscene Profits, Not Striking Nurses, Are Killing the NHS
US patients are not the only victims of Big Pharma price gouging.
Read more...Monopoly Power vs Democracy – Matt Stoller
A wide-ranging discussion of some of the key mechanisms for exercising power in advaced economies, starting with monopolies.
Read more...Meet the Grinch Stealing Social Security, the Future of Gen Y And Z
ow Social Security is a victim of wage stagflation.
Read more...Bloomberg Describes Europe’s Severe and Sustained Energy Crisis Due to Loss of Russian Gas
Bloomberg is countering the prevaiing cheery narrative that Europe can muddle through its ongoing energy crunch.
Read more...The Political Disruptions of Fiscal Austerity
Confirmation that austerity is bad for political stabiity because ordinary citizens don’t take well to their governments treating them badly.
Read more...The Political Economy of Effective Altruism
How the effective altruism discourages collective action….by design.
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Read more...Needed Global Financial Reforms Foregone Yet Again
The pathologies that produced the financial crisis are still circulating.
Read more...New York Times Strike: From Reporters to Rabble-Rousers
Workers at the New York Times stopped working to demand better pay and labor rights—but only for a day. What if they flexed their power?
Read more...“Jobs Are Up! Wages Are Up! So Why Am I as an Economist so Gloomy?”
Since the Fed can’t get more workers into the workplace but thinks it’s in charge of inflation, it will kill jobs with rate hikes.
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