How statistics about wealth mislead, and why that matters.
Recent Items
Saturday, June 14, 2025
Why the Distribution of Wealth Has More to Do With Power Than Productivity
Topics: Dubious statistics, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Social policy, The destruction of the middle class
Posted by Yves Smith at 3:33 am | 38 Comments »
Randy Wray: Modern Monetary Theory – How I Came to MMT and What I Include in MMT
A short history of MMT and and overview of core principles.
Topics: Free markets and their discontents, Guest Post, Macroeconomic policy, Payment system, The dismal science
Posted by Yves Smith at 12:48 am | 214 Comments »
Announcing Tucson Meetup for Tuesday, October 9
Tucson is kicking off the first fall NC meetup!
Topics: Notices
Posted by Yves Smith at 3:24 pm | 4 Comments »
2:00PM Water Cooler 10/1/2018
Today’s Water Cooler: NAFTA 2.0, China trade, Kavanaugh mini-essay, Clinton, Medicaif expansion, manufacturing, construction, Tesla, influencers, adult bedtime, a case of “chaotic neutral”
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 127 Comments »
“That’s a hell of an act. What do you call it?”
Zeitgeist Watch at a Joan Baez concert
Topics: Banana republic, The destruction of the middle class
Posted by Lambert Strether at 12:15 pm | 100 Comments »
DOJ Sues to Overturn California Net Neutrality Law
Trump’s DoJ yesterday filed a lawsuit to overturn California’s net neutrality law, signed by Governor Jerry Brown earlier during the day.
Topics: Banana republic, Legal, Politics, Regulations and regulators, Technology and innovation
Posted by Jerri-Lynn Scofield at 9:55 am | 37 Comments »
Links 10/1/18
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 173 Comments »
Q & A: Why Switching to Renewable Energy Sources is No Longer a Matter of Morality, But of Economics
Interview with Dr. Frank Rijsberman of the Global Green Growth Institute, discussing the implications of renewable energies now costing less than fossil fuels.
Topics: Doomsday scenarios, Environment, Global warming, Guest Post
Posted by Jerri-Lynn Scofield at 6:25 am | 31 Comments »
Insider Attacks, Blowback, and a Generation of American Folly in the Middle East
Is anything the U.S. doing, anyone it is empowering or arming, likely to make the Middle East or America any safer?
Topics: Banana republic, Guest Post, Middle East, Politics
Posted by Lambert Strether at 6:25 am | 29 Comments »
Avoiding Sepsis Death Traps: Nursing Homes and Hospitals
Sepsis is an enormous health problem in nursing homes and hospitals, unevenly distributed by income and geography
Topics: Banana republic, Guest Post, Health care, Income disparity
Posted by Lambert Strether at 2:55 pm | 24 Comments »
Links 9/30/18
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 215 Comments »
Wolf Richter: The Rental Markets in America, from Hot to Cold
Rents fell in New York, Seattle, Washington DC, San Francisco, plunged in Chicago and Honolulu. Rental markets in many less expensive cities are red-hot.
Topics: Guest Post
Posted by Lambert Strether at 6:25 am | 30 Comments »
Links 9/29/18
Topics: Links
Posted by Yves Smith at 6:55 am | 204 Comments »
Steve Keen: How Economics Became a Cult
Steve Keen, author of Debunking Economics and one of the few economists to foresee the crisis, explains what is wrong with the discipline.
Topics: Dubious statistics, The dismal science
Posted by Yves Smith at 6:53 am | 54 Comments »
Measuring Unfair Inequality
Quelle surprise! A new study deems the US to be the leader in unfair inequality.
Topics: Guest Post, Income disparity, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 6:35 am | 24 Comments »