‘The Main Course Is Inflation’: Thanksgiving Costs Surge Under Trump
A much needed, detailed debunking of Trump’s claim that Thanksgiving meal costs, and by implicaiton inflation, are declining.
Read more...Category Archives: Economic fundamentals
Economic Questions: The Stephanie Kelton Question
An overview of Stephanie Kelton’s The Deficit Myth explains the core findings of MMT. and how debt hysteria serves the rich, not the public.
Read more...The Making of the MAGA Right
As the old baseball saying goes, sometimes “You can’t tell the players without a scorecard.” This became especially true since Curt Flood opened the floodgates to free agency more than fifty years ago when he refused to be treated as disposable property by the owner of the St. Louis Cardinals, one August A. Busch, Jr. […]
Read more...“European Nations Have No Choice but to Raise Retirement Ages – Our Case Study Shows Why”
Citizens in EU states have been rebelling against social program cuts, like pension reforms. Are changes in the retirement age necessary?
Read more...Public Money, Private Innovation: How Government Funding Built – and Sustains – America’s Technological Leadership
More evidence that publicly funded research is disproportionately productive and hence critical to innovation.
Read more...Yet More AI Bubble Worries, Now on Debt Side, with Wall Street Journal Featuring AI Datacenter Borrowing “Frenzy”
Peeling back another layer of the AI onion, today on datacenter financing.
Read more...More and More Young People Disengaged from Work and Social Contact
Unemployment among young graduates has hit a sustained high level in many countries, which will produce further social and economic harm.
Read more...Tom Ferguson and Nick French: Red Tech’s Political Power, Its War on Labor and the Environment
An in-depth talk between political scientist Tom Ferguson and Jacobin’s Nick French about recent big shifts, above all the rise of red tech.
Read more...Russia’s Choices as It Brings Ukraine to the Brink with Electricity War, Takes Pokrovsk
Even with Russia’s domination undeniable as its electricity attacks turn off power all over Ukraine, Russia still has complex choices to make.
Read more...Another Shutdown Cost: Skewed and Limited Private Data as Economic Hazard
Due to the shutdown, official economic data has slowed to a crawl. Policymakers, markets, and citizens are turning to private-sector numbers.
Read more...How Neoliberalism Is Digging the Holes of Flagging, Indebted Economies Even Deeper
Indebted, low growth economies have a path for recovery. But neolibearlism stands in the way.
Read more...Call Your Congresscritters: OpenAI Laying the Groundwork for Massive Federal Bailout
AI is not just coming for your job. Industry leaders plan to pick your pocket on a massive scale via a bailout.
Read more...China’s Belt and Road Initiative and the Shifting Landscape of Trade and Investment
The US has responded a bit China’s Belt and Road initiative by increasing foreign direct investment in participating countries.
Read more...Revolutions in Russia in 1917: February and October
A summary of the tumultuous events of Russia’s 1917 revolutions.
Read more...The Lasting Economic Scars of War
War is even more destructive in economic terms than is widely acknowledged.
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