The U.S. Is Betting the Economy on ‘Scaling’ AI: Where Is the Intelligence When One Needs It?
A detailed discussion of how AI data-center investment boom is soking a societally and financially costly bubble
Read more...Category Archives: Economic fundamentals
How Corporate Democrats Made Trump Possible: A 10-Year Timeline
Yes, corporate Democrats did indeed grease the skids for Trump’s presidency, but the key misdeeds go back to Obama.
Read more...Steve Keen Warns Crash of 2026 Will Be Worse Than 2008
Steve Keen was one of the few economists to predict the 2008 crisis. His call for a 2026 crash looks all too credible.
Read more...Revulsion, La Grande Bouffe, and the Spectacle of Grotesque Elite Self and System Destruction
Why our elites, starting with the top ranks in the Trump Administration, are disgusting.
Read more...Brexit’s Slow‑Burn Hit to the UK Economy
A new analysis finds that Brexit imposed higher costs on the UK than forecasts at the time projected.
Read more...The Anti-MAGA Economics of the Second Trump Administration
How Trump has defaulted on his MAGA promises.
Read more...How Wage Increases Became the Fed’s Red Line
How the Fed’s use of wages as a key inflation measure started as a war on labor and continues to operate that way.
Read more...Is Male Infertility Contributing to Falling Birth Rates?
RFK, Jr. is exercised about falling birth rates and depicts falling sperm count as a major contributor. How sound is this view?
Read more...The Meaning of Freedom in These United States
Nicholas Buccola is a historian of the United States who will still be read 30-40-50 years from now. I regret that I will not be here to see where he takes us. In 2019 he published The Fire is Upon Us: James Baldwin, William F. Buckley Jr., and the Debate Over Race in America. This […]
Read more...Trump Goes Full Biden, Insists No Inflation, Affordability a Con as Strained Consumers Know Better and Trump’s Polls Sink Further
Trump’s failing about, now on inflation and affordability, is becoming more desperate.
Read more...The Cloud’s Not Fluffy, It’s a Hot, Loud, Energy-Voracious Factory
A more detailed look at why to resist massive pressures for data center buildout and question claims of inevitability.
Read more...Car Industry Woes Intensify as US Consumers Refuse to Eat the Dog Food, China Suffers from Overcapacity
The car industry is in a world of hurt, and that has significant economic and societal implications.
Read more...The UK Is Cursed: How Finance Destroyed Our Economy
More discussion of how the UK’s post World War II decline was a choice, due in large measure to the embrace of finance and neoliberalism.
Read more...Quelle Surprise! Companies With Market Power Drive Inflation
Corporate concentration does not just make inflation worse. A new study finds it plays a lead role.
Read more...‘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.
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