The Fed, following neoclassical orthodoxy, hates having ordinary workers properly paid.
Recent Items
Tuesday, January 20, 2026
Michael Hudson: The Fed’s Austerity Program to Reduce Wages
Topics: Dubious statistics, Economic fundamentals, Federal Reserve, Free markets and their discontents, Guest Post, Income disparity, Pandemic, Politics, Russia, Social policy, The destruction of the middle class, The dismal science
Posted by Yves Smith at 5:22 am | 53 Comments »
The Fifth Anniversary of the Grenfell Tower Fire, Aesthetics, and Social Murder
What were the causes behind Grenfell Tower’s beautiful, smooth facade?
Topics: Guest Post, Income disparity, Media watch, Politics, Privatization, Real estate
Posted by Lambert Strether at 1:55 pm | 19 Comments »
Links 6/19/2022
Topics: Links
Posted by Lambert Strether at 6:55 am | 231 Comments »
Climate Deniers and the Language of Climate Obstruction
From narratives about fossil fuels as a solution to climate advocates as out of touch with reality, here’s how the fossil fuel industry and its allies are weaponizing words to delay climate action.
Topics: Environment, Global warming, Guest Post, Politics
Posted by Lambert Strether at 6:25 am | 28 Comments »
Links 6/18/2022
Topics: Links
Posted by Yves Smith at 6:58 am | 220 Comments »
Michael Hudson Talks About Almost Everything with Jonathan Brown
Another blockbuster interview with Michael Hudson.
Topics: China, Commodities, Credit markets, Currencies, Doomsday scenarios, Dubious statistics, Economic fundamentals, Energy markets, Europe, Federal Reserve, Free markets and their discontents, Globalization, Guest Post, Politics, Russia, Social policy, The dismal science
Posted by Yves Smith at 6:54 am | 66 Comments »
What Does Capitalism Repress? A Jungian Perspective.
Who or what does capitailsm serve?
Topics: Free markets and their discontents, Guest Post, Social values
Posted by Yves Smith at 6:53 am | 40 Comments »
2:00PM Water Cooler 6/17/2022
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 118 Comments »
100 Million People in America Are Saddled With Health Care Debt
An in-depth study reveals the scope and severity of medical debt in the US is much worse than previously thought.
Topics: Banana republic, Doomsday scenarios, Dubious statistics, Guest Post, Health care, Income disparity, Ridiculously obvious scams, Social policy, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 50 Comments »
Links 6/17/2022
Topics: Links
Posted by Lambert Strether at 6:55 am | 171 Comments »
Mexico to Take Legal Action Against US Construction Materials Giant, Vulcan, for Environmental Damage
The Mexican government’s legal action against Vulcan has drawn accusations of “anti-business attitude[s] and rhetoric” from both sides of the US Senate.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 7 Comments »
Housing Market Takes Another Body Blow with Sharp Interest Rate Rise
A short update on the housing market.
Topics: Credit markets, Dubious statistics, Economic fundamentals, Federal Reserve, Real estate
Posted by Yves Smith at 6:25 am | 34 Comments »
Noam Chomsky: Ukraine Is a Diplomacy No-Go Zone
If this is what Western “realism” about Ukraine looks like, our goose is cooked.
Topics: Commodities, Doomsday scenarios, Economic fundamentals, Energy markets, Europe, Guest Post, Politics, Russia
Posted by Yves Smith at 5:02 am | 53 Comments »
2:00PM Water Cooler 6/16/2022
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 82 Comments »
Gun Money Predicts Congressional Voting Better Than Party Alone
An analysis of gun lobby contributions to Republicans and Democrats
Topics: Guest Post, Politics, Social policy, Social values
Posted by Yves Smith at 9:55 am | 13 Comments »



