Category Archives: The dismal science

The Bazooka Diplomacy of Trump’s Tariffs

A look at theory and practice as far as tariffs are concerned, and what that means for Trump’s threats and plans.

Trump’s Shock Doctrine: Uncertainty and the Repudiation of Contracts

How Trump’s economic revolution and the uncertainty it is creating are already wreaking havoc.

The Execution of the CFPB: Capitalism Survives Another Attempt to Save It

A discussion of Elizabeth Warren’s naivete about the predatory nature of capitalism.

James K. Galbraith Discusses His New Book, Entropy Economics, Plus DOGE, Bitcoin and Tariffs

A wide-ranging talk with Jamie Galbraith on his book, Entropy Economics, which focuses on the neglect of real resources, and recent events.

Michael Hudson: Trump’s Tariffs Could Cause Huge Global Crisis

Michael Hudson and Ben Norton take a deep dive into Trump’s contradictory and potentially disastrous economic plans, starting with tariffs.

Is Capitalism Falling Out of Favor? We Analyzed 400,000 News Stories to Find Out

On the fundamental flaws in a study meant to assess the popularity, or lack thereof, of capitalism in the US.

Weaponizing the US Dollar. Can It Work?

Michael Hudson refines and extends recent discussions on the future of the dollar, particularly under Trump, and finance-dominated capitalism

UK Economy Falters as Pound Sterling Continues to Slide

Sustained neoliberalism is exacting a toll on the UK via currency wobbles and reluctance to raise rates in the face of budget pressures.

How Is It That xAI’s (Naïve) Grok Does Not Reveal that xAI is a Public Benefit Corporation?

Lambert annotates a Grok transcript.

The One-in-a-Thousand-Day Problem

AI’s ability to handle complexity and respond rapidly means future crises are likely to be much more sudden and vicious than those we have experienced so far.

Why Do We Have a Mental Health Crisis?

Why neoliberalism is a major cause of mental health problems.

Michael Hudson: Foreward on Schurtz’s Origins of Money

Michael Hudson explains how Heinrich Schurtz’s 1897 Origins of Money debunked neoclassical fables about how money started and developed.

It Is Possible to Have a Flat Tax, or to Have Democracy, but Not Both

Why a flat tax is yet another scheme to further enrich the rich and weaken the political power of ordinary citizens.

Rebooting Antitrust’s Economic Theory to Focus on Social Welfare

New Brandesians oppose the flawed mainstream antitrust “consumer welfare” theory. A social welfare standard would be even better

The Increasing Cost of Buying American

Looking at the costs versus purported benefits of programs that require or encourage Federal agencies to purchase American products.