Category Archives: Economic fundamentals

Artificial Intelligence Could Mean Large Increases in Prosperity—But Only for a Privileged Few

Labor-saving advances in artificial intelligence may undo the gains from globalization and pose new challenges for economic development

Thomas Frank: YouTube Censorship and Now What’s Happening in Kansas –

Thomas Frank and Paul Jay discuss censorship by tech monopolies and changes in the political landscape of Kansas.

Pandemics Swing Elections, But Not as Much as You Think

A discussion of election outcomes, using the Spanish flu as a case study.

“Almost Cartoonish Defender of the 1%, Kathryn Wylde” Rears Her Head to Attack Plans to Tax the Rich to Save New York City

The usual suspects, like Kathryn Wylde, try to defend why the top wealthy, who’ve made out like bandits under Covid, should not be made to share.

James Galbraith: CBO Not Competent to Assess Economics of Minimum Wage

James Galbraith slams an “unreliable” CBO report claiming that raising the minimum wage would reduce jobs.

Global Coup d’État: Mapping the Corporate Takeover of Global Governance

Why you should be very, very worried when our supposed betters start talking up the newest neoliberal Trojan horse, global governance.

Working From Home: Too Much of a Good Thing

Why and how much the working from home trend is likely to be unwound post Covid (assuming a post Covid).

Yanis Varoufakis: Trumpism after Trump – NEWSWEEK Magazine, Interviewed by Basit Mahmood

Varoufakis believes Biden Administration fecklessness and love of austerity will strengthen the Trump faction.

The Bank of England Should Stop Broadcasting the Views of a Comfortable Financial Elite

A “put foot in mouth and chew” episode from Bank of England chief economist Andy Haldane.

The Chip Shortage: Brought to You By American Neoliberalism

While the chip shortage will sort itself out in the next six months, the US can’t remedy its dependence on foreigners for critical supplies.

Why U.S. Labor Laws Need a Major Update—The PRO Act Is a Great Start

Biden is proposing some significant changes to labor law. Does the legislation live up to its billing?

The Most Fragile Oil Price Rally In History

Some of the economic forecasts underlying the bullish oil price views are so sunny I’m gonna need shades.

The Dangers of Sustainability Metrics

A favorite topic: the downside of fetishinzing metrics.

Monetary Policy and Racial Inequality

Monetary policy does not lift boats in at all the same way.

One Year After the Collapse of the Airline Business Began: What’s the Status Now?

Collapsed revenues, astronomical losses, red-hot cash-burn, hellish new debt. Meanwhile, amid craziest markets ever, airline shares soared.