Is the problem with the economy the amount of stultifying work, or that too much work is really about more and more aggressive competition for income?
Recent Items
Sunday, July 20, 2025
The Zero-Sum Economy
Topics: Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Social values, Technology and innovation, The destruction of the middle class
Posted by Yves Smith at 5:17 am | 71 Comments »
How to Calculate the Costs of #MedicareForAll Properly
A takedown of the Mercatus #MedicareForAll debacle from MMT’s macro-economic bookkeeping perspective.
Topics: Guest Post, Health care, The dismal science
Posted by Lambert Strether at 2:25 am | 53 Comments »
2:00PM Water Cooler 8/20/2018
Today’s Water Cooler: Chelsea Clinton, AOC, Uber, dumb phones, temporarily open thread.
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 126 Comments »
Elizabeth Warren’s Proposal for “Co-Determination”: Really a Second New Deal?
Strengths, weaknesses, and context of Elizabeth Warren’s “Accountable Capitalism Act”
Topics: Corporate governance, Free markets and their discontents, Guest Post, Politics, The destruction of the middle class
Posted by Lambert Strether at 1:55 pm | 50 Comments »
Links 8/20/18
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 195 Comments »
CalPERS Election-Rigging: Delays Release of Proof of Incumbent Priya Mathur Approving Illegal Pre-Signed Expense Forms to Thwart Challenger Jason Perez
CalPERS is up to yet more election dirty tricks.
Topics: Banana republic, CalPERS, Politics, Ridiculously obvious scams
Posted by Yves Smith at 3:24 am | 11 Comments »
Brexit Is a Consequence of Low Upward Mobility
In the Brexit referendum, UK citizens were pleading through their vote – and non-vote – for a fair shot at the future.
Topics: Brexit, Free markets and their discontents, Globalization, Guest Post, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 3:22 am | 61 Comments »
The Militarization of Sports and the Redefinition of Patriotism
In the end, it comes down to one thing: who controls the national narrative.
Topics: Banana republic, Guest Post, Politics, Ridiculously obvious scams
Posted by Lambert Strether at 2:25 am | 61 Comments »
A Rough Guide to the 12 Intelligence Officials Who Condemned Trump for Revoking John Brennan’s Security Clearance
Chutzpah!
Topics: Garrulous insolence, Guest Post, Media watch, Politics, Surveillance state
Posted by Lambert Strether at 4:25 pm | 55 Comments »
Links 8/19/18
Topics: Links
Posted by Lambert Strether at 6:55 am | 131 Comments »
How Turkey’s Crisis Might Fracture NATO
Turkey is already deep in debt, and all the U.S. is offering is a doubling of sanctions and more insults.
Topics: Guest Post
Posted by Lambert Strether at 2:55 am | 29 Comments »
Links 8/18/18
Topics: Links
Posted by Yves Smith at 6:55 am | 179 Comments »
What Should the EU Do About the Turkish Currency Crisis?
The Turkish lira has been under significant pressure in recent weeks. What is the EU’s exposure to possible crisis in Turkey and how should the EU react?
Topics: Banking industry, Currencies, Doomsday scenarios, Economic fundamentals, Europe, Guest Post, Politics, Regulations and regulators, Risk and risk management
Posted by Yves Smith at 2:49 am | 34 Comments »
Richard Murphy: “First, Let’s Kill All the Accountants” – On Accounting’s Systemic Failure
Why taking accounting for granted is a really bad idea.
Topics: Banking industry, Dubious statistics, Guest Post, Market inefficiencies, Regulations and regulators
Posted by Yves Smith at 2:39 am | 38 Comments »
2:00PM Water Cooler 8/17/2018
Today’s Water Cooler: China and LNG, NAFTA, Warren and co-determination, campaign advertising, Russia probe, Brennan, leading indicators, consumer sentiment, complex information
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 129 Comments »