Trump is fighting another war he can’t win: trying to use interest rates to counter the inflation created by his yawning fiscal deficits.
Read more...As Mr. Market idelivers a big raspberry in response to Trump’s big beautiful bill, remember it won’t affect the ability to keep spending
Read more...Tackling a pro-multinational development canard which looks to have made the so-called middle income trap worse.
Read more...Shortly after COVID-19 was recognized as a worldwide catastrophe, my much better half asked me how long I thought this would this last. Based on my then 45 years of biomedical research experience I replied, “Three years.” I was wrong. That was more than five years ago, when the refrigerated makeshift morgues were parked on […]
Read more...Michael Hudson: War on Iran is part of the US empire’s effort to re-impose its dominance on the global political and financial system
Read more...A detailed, yet still softball, take on how climate change damage will wreck property values and much of what passes for an economy
Read more...An orthodox economist describes inconsistencies in rating agencies’ approach to downgrading US debt and their view of reserve currency status
Read more...Part the First. How Did the United States Get This Healthcare System? I distinctly remember the first time this question occurred to me, because as the child of a union household a visit to the doctor or the Emergency Room (trees were made to fall out of) was never a problem. I was twenty years […]
Read more...In Capitalism and Its Critics, John Cassidy presents historical foes of monopoly, inequality, environmental peril, and authoritarianism
Read more...An overview of the economic impact of Trump’s second term flurry from some Serious Economists. They don’t find much to like.
Read more...I recently added a new volume to my Shelf of Little Books, some of which are not so little but all of which repay re-reading that helps me understand our world a little better with each successive encounter. The newest resident of the shelf was published earlier this year by Princeton University Press: Following Nature’s […]
Read more...The long path that has led Europe to see big defense spending will be a lifeline, hence the need to stoke war fever.
Read more...It can’t be said too often: what most economists call growth is too often what we here call groaf.
Read more...Estimating the costs of the Trump trade war to Americans and foreign players.
Read more...In Treasury markets, there are no libertarians, only grateful recipients of single-payer insurance for ailing financiers.
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