How the Housing Bubble is Remaking Australia’s Class Structure
How the housing bubble is restructuring Australian society. Are the same patterns emerging in your country?
Read more...Category Archives: Economic fundamentals
Why Italy’s Banking Crisis is Spiraling Out of Control
Even by the standards of European kick-the-can-down-the-road exercises, measures to stave of an Italian banking crisis are really slapdash.
Read more...Gaius Publius: Considering the Coming Megadrought in the American Southwest
The megadrought is coming….and it is not pretty.
Read more...Unemployment Insurance Extension During Great Recession Did Not Destroy Jobs
Debunking the claim that extending unemployment insurance during the aftermath of the crisis was a bad idea.
Read more...Social Democracy, the “Third Way,” and the Crisis of Europe, Part 3
A discussion of why the center-left failed to revive in Europe after the crisis. Some of the reasons apply to the US as well.
Read more...How Housing Bubbles Destroy Productivity
More evidence that housing bubbles distort economic activity and act as a damper on growth.
Read more...Wolf Richter: Millennials Blamed for Lousy Economy
Millennials aren’t spending like they are supposed to…with good reason.
Read more...Ham-Handed Theresa May “Hard Brexit” Stance Roils UK Pols, Not Just EU
Theresa May may have thrown a spanner in the Brexit works by pushing for a xenophobic “hard Brexit”. Accident or design?
Read more...Economic ‘Recovery’ Feels Weak Because the Great Recession Hasn’t Really Ended
We are not in a recovery and we’re not really in a traditional recession. People think of a business cycle, which is a boom followed by a recession and then automatic stabilizers revive the economy. But this time we can’t revive.
Read more...The IMF, Globalization, and All The Other Losers
A case for why the end of growth equals the end of all centralization, including globalization.
Read more...The CETA Trade Pact Will Add to the Groundswell of Discontent: Why We Need More Informed Decision-Making
Why citizens are correct to be worried about trade deals like CETA and the TTIP.
Read more...Are Our Earnings Really Our ‘Just Deserts’?
Why the idea that wages represent “just deserts,” as in the individual’s contribution to social output, is bunk.
Read more...The Quiet Desperation of Millennials
A new survey on the outlook of Millennials finds they are not happy campers, and for good reason.
Read more...The Prospects for Technology-Driven Growth: Dismal or Dazzling?
Advanced economies are caught between two giant, competing truths: economic growth is slowing down, and science is flourishing.
Read more...Gaius Publius: A Clinton Speech to Millennials That Will Work
What Clinton needs to do to win Millennials.
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