Michael Hudson: Bronze Age Redux – What the Ancients Can Teach Us About Debt
Michael Hudson explains why debt cancellation was central to the politics of ancient societies.
Read more...Author Archives: Yves Smith
The Federal Job Guarantee Is Not Just “Better” Than a Universal Basic Income. It’s the Only Reasonable Option. Universal Basic Income Is Sinister
Why a federal job guarantee is sound policy and a universal basic income isn’t.
Read more...Trump’s Carbon Capture Tax Break: Mechanical and Biological Paths
Looking at the potential benefit of tax subsidies for carbon capture.
Read more...Links 4/27/18
Gaius Publius: What To Do About Facebook — First Thoughts
Why Facebook needs to be broken up, and how to do it.
Read more...Exclusive: Calls To Police Skyrocketed After Hiring of Philly Starbucks Manager Who Was on Duty During #Starbuckswhileblack Arrests
The Starbucks manager who called for police to arrest two black men in her store had a history of frequent requests for police help.
Read more...Why We Have to Go Back to a 40-Hour Work Week to Keep Our Sanity
Why American work norms are largely counterproductive.
Read more...Is New EU “Travel Authorisation” Another Brexit-Induced Ireland Headache?
Does what superficially looks like a nuisance-level post-Brexit change for UK travelers have bigger ramifications for Ireland?
Read more...TSB’s IT Fiasco and Some Implications for Banks’ Legacy Systems
A hard look at the continuing IT disaster at UK bank TSB.
Read more...Wolf Richter: What Will Rising Mortgage Rates Do to Housing Bubble 2?
Investors have fixated on the rise in Treasury yields. Perhaps they should worry more about what the Fed’s rate increases are doing to mortgage rates.
Read more...Analysing Wealth Inequality: A Conceptual Reflection
Why the way economists think about wealth is too narrow, and how to start to remedy that.
Read more...Links 4/25/18
Was Finland’s Universal Basic Income Program A Failure?
A look at the results of recent basic income experiments.
Read more...The U.S. Border as a Zone of Profit and Sacrifice
Despite Trump’s braying about it, the militarization of the US border has been an ongoing project.
Read more...5 Policies That Could Improve Housing for the Renting Generation
Housing has become a more divisive issue than ever, as rising real estate costs and less job stability make buying a house both harder and more fraught. Renters need better protections, but how to get there?
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