AOC Rental Woes a Reminder of Worsening Conditions for Workers
Rising rental costs put a spotlight on how it is even harder than ever for ordinary workers to get by.
Read more...Category Archives: The destruction of the middle class
The Super Rich Get Even Richer
The continuing rise in wealth of the super rich bodes ill for financial and social stability.
Read more...Erasing Economics and Economic Policy from Politics: The Race and Xenophobia Sideshow
More and more economic studies find that inequality hurts growth. Adolph Reed discusses why politicians focus on divisive messaging rather than broad-based economic policies.
Read more...Mischaracterizing HAMP and Principal Reduction: A Regression Discontinuity Test Error
Explaining a fundamental error in a widely-touted paper on HAMP modifications.
Read more...Economic Distress Did Drive Trump’s Win
Contrary to the dominant media narrative, social issues like racism and sexism on their own can’t explain Trump’s success.
Read more...What’s the Problem with Financialization?
Some of the analytical sleights of hand used to promote the ideology of financializatation.
Read more...Michael Hudson: Rescuing the Banks Instead of the Economy
Michael Hudson on his themes of how banks are mainly funding real estate rather than the economy and the problem of failing to write down debt that can’t be repaid.
Read more...Can Politics Ever Be Compassionate?
Why the time is overdue to have politics give much higher priority to reducing suffering.
Read more...A Follow-Up on the Reasons for Prime Age Labor Force Non-Participation
Some surprising findings on why labor force participation of prime age men is flagging.
Read more...FICO Gets Creative With Credit Scores to Facilitate Getting More Americans in Debt
FICO is evil.
Read more...Marshall Auerback: The Democrats’ Globalization Dilemma
It’s no secret that globalization created losers, and the Democrats seem determined to ignore them.
Read more...Student Debt Bondage Becoming More Widespread
More sobering news on the student debt front.
Read more...Sears’ Terminal Slide: Bankruptcy and Likely Liquidation
Bankruptcy can only restructure debts; it cannot revive Sears’ mutilated brands and bring back mauled customers.
Read more...#MeToo Under the Golden Arches at McDonald’s
#MeToo on Capitol Hill, and #MeToo at McDonald’s
Read more...Ending the Evil of Student Loans
A set of proposals on how to reduce the damage done by the overhang of student loans.
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