Germany Blinks on Giving Debt Relief to Greece….or Did It?
Despite press reports to the contrary, in this year’s game of chicken over the Greek bailout, it looks like the IMF, and not Germany, blinked.
Read more...Category Archives: The dismal science
The Minimum Wage Increases = Job Loss Myth
Repeat after me: study after study shows that minimum wages increases don’t lead to job losses.
Read more...Our Awful Elites Gutted America. Now They Dare Ring Alarms About Trump, Sanders—And Cast Themselves as Saviors
An awesome rant on the elite hyperventilating about Trump. He’s not something new, he’s simply the end-game of policies they knowingly set in motion.
Read more...Inflation Targeting and Neoliberalism
An interview on inflation targeting and its implications.
Read more...Naked Capitalism’s Diptherio Discusses Flaws in Unemployment Reporting
Lies, damned lies, and statistics, unemployment report style.
Read more...Don Quijones: Wrath of Draghi Hits Germans Who Refuse to Blow Their Savings
Draghi plans to beat savers until morale improves.
Read more...Bill Black: Free Markets Mean Zero Economic Profit – or a 99% Profit Markup
How “free market” ideology produces companies like Valeant, which Warren Buffett’s partner Charlie Munger called a “sewer,” “corrupt,” and “criminal.”
Read more...Trade Costs of Border Controls in the Schengen Area
Granular analysis of the cost of imposing border controls along refugee routes versus ending the Schengen system, as well as who has the most to lose.
Read more...Star Trek or The Matrix? Varoufakis’s Challenge to Neoliberalism
Varoufakis gave a wide-ranging talk on the considerable conflict between neoliberalism and democracy, and why democratic rule produces better results.
Read more...Watch Bill Clinton, Larry Summers, and Phil Gramm Have a Love Fest Over Repeal of Glass Steagall
Watch Bill Clinton heart financiers in 1998 and try to take it back in 2013.
Read more...Reader Query: Seeking Recommendations on Economics Primers
Help a reader find some good foundational economics texts that are layperson-friendly.
Read more...Gerald Friedman: Why “Liberal” Economists Dish Out Despair
“Liberal” economists still embrace the dominant pseudo-Keynesian orthodoxy despite its failure in the financial crisis and its role in increasing inequality.
Read more...How European Union Fiscal Rules Subverted Democracy and Institutionalized Neoliberalism
A good overview of how fiscal rules gave neoliberal ideology and unaccountable bureaucrats the upper hand in the EU.
Read more...Bill Black: Adam Davidson, the 1%’s Lord Haw-Haw, Mangles Economic Theory to Attack Sanders
Adam Davidson makes numerous misrepresentations about economics in a salvo against Bernie Sanders’ economic plans. Does he really not know better, or has he really drunk the orthodox Kool-Aid?
Read more...Towards a Theory of Shadow Money
Struggles over shadow money today echo 19th century struggles over bank deposits.
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