“Should There Really Be a Supreme Court? Its Role Always Has Been Anti-Democratic”
How much is the Supreme Court to blame for the red shift in policies?
Read more...Category Archives: The dismal science
The New York Times Thinks Worker Suffering Is a Fair Price for Lower Inflation
Per the Times, inflation must be tackled, and the only way to do so is through lowering incomes and potentially jacking up unemployment.
Read more...Central Banks, Green Finance, and the Climate Crisis
The tough policy choices ahead for confronting the climate crisis.
Read more...Oil Prices, Oil Profits, Speculation, and Inflation
n the not inconsiderable role of speculation in the crude oil market in the increase in the WTI crude oil price.
Read more...IMF Confirms that Profits Are Driving Inflation
It’s now undeniable that corporate profits are playing a big role in our current inflation.
Read more...Why Interest Rate Rises Are Fueling Inflation
Is central bank inflatin medicine even worse than it seems?
Read more...Profit Inflation Is Real
More evidence that companies hiking prices because they can is a significant driver of our current inflation.
Read more...What Does a Chatbot Know About Eating Disorders? Users of a Help Line Are About to Find Out
Companies turn to artificial intelligence as a possible solution for a mental health crisis.
Read more...“Does Economics Do More Harm than Good?”
In a new book, George DeMartino offers some novel and pointed criticisms of economics, focusing on societal damage.
Read more...‘Market Fundamentalism’ Is an Obstacle to Progress
Why market cheerleaders are bad for you.
Read more...Hoisted From Comments: “A Tale of Two Sciences”
Pontius Pilate asked, “What is truth?” Time to ask “What is science?” since our market system creates sciences that aren’t very scientific.
Read more...Russia Leaves Neoliberal West to Join World Majority
The sanctions against Russia and Russia’s kinetic war in Ukraine have produced great changes in and outside. But what are their implications?
Read more...James K. Galbraith: The Gift of Sanctions – An Analysis of Assessments of the Russian Economy, 2022 – 2023
Galbraith debunks conventional wisdom on sanctions against Russia.
Read more...The Asymmetric Federal Reserve Objective
The Fed’s objective is asymmetric, with inflation overshoots being more costly than undershoots. Using data from the Summary of Economic Projections it shows that the Bernanke Fed was too hawkish, the Yellen Fed was too dovish, and the Fed under Jerome Powell has at times been too hawkish and too dovish.
Read more...The Impact of Inflation
The IMF takes a wee look at who is hurt by and benefits from inflation.
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