Wealth of Two Nations: The US Racial Wealth Gap, 1860-2020
Severe racial differences in initial conditions after Emancipation have contributed greatly to today’s stalled progress in closing the racial wealth gap.
Read more...Category Archives: The destruction of the middle class
Readers to the Rescue: Help With Betty-Jo’s Post-Cancer Liver Treatments So She Doesn’t Have to Live in Her Car
Betty-Jo, who was my deceased mother’s best aide, has been run over by our predatory, for-profit medical system. Please help!
Read more...Michael Hudson: A Depression Is Coming
Economist Michael Hudson explains the inflation crisis and warns a “long depression” is coming, due to the new cold war on Russia and China.
Read more...The Fed Tackles Kalecki
A well regarded paper by Fed researchers challenges conventional views on the relationship between inflation and employment
Read more...How Greedy Corporations Fuel Inflation
How companies are adding to inflationary pressures by increasing prices when not warranted by costs.
Read more...Portland: Sobering Lessons in Untying the Knot of a Homeless Crisis
On the burgeoning homeless problem in Portland, and the city’s well-meaning but insufficient measures.
Read more...Michael Hudson: The Fed’s Austerity Program to Reduce Wages
The Fed, following neoclassical orthodoxy, hates having ordinary workers properly paid.
Read more...100 Million People in America Are Saddled With Health Care Debt
An in-depth study reveals the scope and severity of medical debt in the US is much worse than previously thought.
Read more...‘Time to Scrap the Cap’: Sanders, Warren Bill Targets Rich to Expand Social Security
Now, as Sen. Bernie Sanders notes, billionaires pay “the same amount of Social Security taxes as someone making $147,000 a year.”
Read more...How Will American Oligarchs Keep Control?
It’s easy to forget that at the end of the Roman Republic, the Republic did end. Will our oligarchs engineer a similar regime change?
Read more...Primaries Are Getting More Crowded with Candidates, and That’s Good News for Extremists and Bad News for Voters
Mainstream politicians and voters are concerned that extremists are gaining ground. Maybe they should focus on the disease, not the sympoms.
Read more...What Is Really Causing Our Inflation: “Inflation in a Time of Corona and War”
Finally! Evidence-based answers to the main (policy) questions concerning the return of high inflation.
Read more...Q&A: The Causal Relationship Between Inequality and Climate Change
Climate change policies focused only on greenhouse gas emissions will be less successful than a broader approach that tackles inequality and climate change together.
Read more...Michael Hudson on the Coming Global Fracture as Economic Orders Clash
How our current “clash of civilizations” is a war between economic models.
Read more...Our Global Economic System Is Broken. Are We Headed for a Mass Revolt?
An increase in global hunger, combined with the rich getting even richer, would seem to set the stage for revolt. But is that in the cards?
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