Lockdown Rebelliousness: Denying that Coronavirus Is in Charge
The supposed irresistable force of the economy is losing out to the immovable object of the coronavirus.
Read more...Category Archives: Banana republic
The Really Really Yucky Airlines Bailout
The airlines are at the trough. It’s not quite as unseemly as the 2008 bank bailouts, but that’s an awfully low bar.
Read more...Fatal Combination: Bailouts and Bank Rescues in Money-Driven Political Systems
A tidy case study into how much money it takes to buy Congressional votes.
Read more...Some Comments on the Sanders Campaign
Thoughts on the Sanders kneecapping.
Read more...The Federal Reserve’s Coronavirus Crisis Actions, Explained (Part 5)
Muni purchases are finally here
Read more...The Coming Battle for the COVID-19 Narrative
Will the disruption of Covid-19 deal a major blow to market ideology?
Read more...How to Pay for the Pandemic War
Government responsese to the pandemic are making a hash of one of the comparatively easy issues.
Read more...New York Fed, FDIC Tout “Opacity in a Banking Crisis” to Keep Corporations, Hedge Funds, PE Firms & Counterparties in the Dark about Weak Banks
An article by Fed and FDIC researchers argues for hiding banks’ dirty laundry. Too bad the authorities didn’t make banks shape up instead.
Read more...India’s Poorest Now Have Access to Basic Bank Accounts, and Many Already Received their First Cash Stimulus Payment By Last Saturday; Meanwhile the IRS May Get You Your $1200 Check in Five Months
A tale of two stimuli: the Modi government has already made some direct deposits; some Americans will wait five months to receive checks.
Read more...Coronavirus: A Theory of Incompetence
Coronavirus has shredded the last vestiges of the belief that America was well run. How did we get here?
Read more...What Wall Street Doesn’t Want You to Know About Hospital Emergency Rooms
A coronavirus whistleblower winds up also exposing that private equity has too much say in running emergency rooms.
Read more...Key Official Missing in Action: North Carolina Treasurer, Sole Fiduciary of Its Pension, Has Covid-19 but State Refuses to Say More
Key public officials are abusing their position if they keep the severity of their Covid-19 illness under wraps.
Read more...Why Can’t Everyone in This Country Get Free COVID-19 Treatment?
The US is well into the Covid-19 crisis, yet most citizens are at risk of big bills if they seek testing and care.
Read more...Brace Yourselves: The US Is Setting Up a Ghastly “Natural Experiment”
The US may be about to be exceptional…in not a good way.
Read more...Having It Easy in the Beginning, Tough in the End: How My Dad Predicted the Decline of America
This should be a time for a genuinely new approach, one fit for a world of rising disruption and disaster, one that would define a new, more democratic, less bellicose America.
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