Slack in the Economy, Not Inflation, Should Be Bigger Worry
Despite fear-mongering about inflation, unemployment remains elevated and stimulus is needed to prevent a collapse in demand.
Read more...Category Archives: The destruction of the middle class
War as the Enemy of Reform: Biden’s Dilemma or His Excuse?
How much is keeping the US on a war footing really constraining Biden on the domestic front?
Read more...Michael Hudson on American as Absentee Landlord on The Greyzone: Biden Administration, New Cold War, Super Imperialism, Dollar Weaponization
Michael Hudson discusses geopolitics including currency power plays, global institutions like the IMF, the new Cold War, and Bill Gates
Read more...Homeless Reflect on Life in a New York City Hotel Room, One Year Later
Covid housing for the homeless has been beneficial not just for public health but for many of the individuals in the program.
Read more...How Upskilling America Will Rebuild the Middle Class
A sanity check on how far “let them eat training” will go in restoring the fallen American middle class.
Read more...Michael Hudson & Jonathan Wilson-Hartgrove: Imagining An End to Poverty and Economic Dependence
Michael Hudson and Jonathan Wilson-Hargrove of the Poor People’s Campaign discuss Biden “reforms” and the (mis)use of religion in economic justice.
Read more...Pay a Living Wage or ‘Flip Your Own Damn Burgers’: Progressives Blast Right-Wing Narrative on Jobs
Hiring has become difficult because some McJobs workers won’t risk their health for a crap wage. So the right wants to beat them down.
Read more...Michael Hudson Q&A in Webinar on 4000 Years of Money and Debt
The Q&A from a Michael Hudson talk on money, debt, and economic orthodoxy.
Read more...Webinar with Michael Hudson: A 4000-Year Perspective on Economy, Money and Debt
Michael Hudson gives a long historical account of the role of debt and money as a tool for promoting prosperity and political dominance.
Read more...Mark Blyth – An Inflated Fear of Inflation?
Mark Blyth explains why inflation in the U.S., Canada, & E.U. is highly unlikely: a room for more government spending and higher wages.
Read more...How Dodgy Government Accounting Fueled Rapid Rise of Federal Student Loans
Why the student loan mess is even worse than you thought.
Read more...Why Workers Memorial Day Is a National Call to Action
On the odd decision by American labor unions to have their own solidarity day, the Workers Memorial Day, rather than participate in May Day.
Read more...Even Credentialed Young People Pessimistic About Their Futures
The fact that even well-placed young people are insecure and pessimistic is further proof of the impact of inequality and rentierism.
Read more...We Really Do Need to Rethink the Economics of Saving, Most of Which Is Nonsense
Savings plays an important role in household management (or does when the household isn’t desperate), yet economists don’t get it.
Read more...The Corporate Food Takeover
Corporate ownership in many sectors of food production has risen and is set to increase further. Another rentier program well underway.
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