Michael Hudson: 10 Years Since Lehman Brothers Bankruptcy – Did the Economy Really Recover?
Michael Hudson discusses the economic impact of not writing down debts in the wake of the crisis.
Read more...Category Archives: The destruction of the middle class
Here’s Why Setting a Maximum Wage for CEOs Would be Good for Everyone
CEO pay needs to be curbed, and a maximum wage is one way to do it.
Read more...Michael Hudson: The Lehman 10th Anniversary Spin as a Teachable Moment
Why you should take conventional wisdom about the Lehman collapse and the crisis with a fistful of salt.
Read more...Census Bureau Reveals Grim Facts about Real Earnings of Men
A look at real earnings data belies happy talk about wage gains.
Read more...The Economy Under Trump: Business Optimism Combined with Inequality
Gerald Epstein dissects the Trump Administration happy talk about the state of the economy.
Read more...If You Read This Book, It’ll Make You a Radical: A Conversation with Thomas Frank
Thomas Frank on what’s the matter with America.
Read more...Michael Olenick: Digging Into Data on the Student Loan Scam
A data dive shows that the student loan business is at least as bad as you think it is.
Read more...Fear and Loathing — Mostly Loathing — with Chris Hedges at the Harvard Club
A conversation with Chris Hedges about his apocalyptic new book America: The Farewell Tour (Simon & Schuster, August 2018).
Read more...Why We Should Worry About Monopsony
Why the Fed is, rather late in the game, concerned about monopsony power.
Read more...The Mills of Providence Were Ground Up Slowly
Life along Woonsquatucket, and what “a screw loose” really means.
Read more...The “Petrodollar” Has No Bearing on Any Country’s Ability to Employ Its People Fully
Debunking the petrodollar myth.
Read more...America’s Broken Retirement System is a Recipe for Political Chaos
Bolstering, rather than cutting, Social Security is the solution to America’s retirement train wreck.
Read more...Why I Am Not Wildly Enthusiastic about Sanders’ Plan to Tax Amazon
Defects in Sanders’ “plan to have a plan” to tax Amazon, and how to cure them.
Read more...Market Power, Low Productivity, and Lagging Wages: The Real Drivers
To understand labor productivity—and growing inequality—you have to look at the “dual economy”
Read more...Brexit as a Tightly Coupled Process
Stepping back to look at the Brexit trajectory.
Read more...