Category Archives: Infrastructure

The Abandonment of Countercyclical Fiscal Policy

Economists bemoan the lack of aggressive fiscal spending after the crisis. Funny how few of them were willing to advocate it when it mattered.

CalPERS Invests in Toll Road Even Though Those Deals Consistently Lose Money

CalPERS ventures into the looting of local populations via investing into a famous toll road-gone-bad deal that has been restructured.

Michael Hudson: The Wall Street Economy is Draining the Real Economy

How Wall Street is interjecting itself into the economy so that more and more is diverted to pay interest, insurance and rent.

Martin Wolf Defends Central Banks’ Negative Interest Rate Policies

The Financial Times’ lead economics writer, Martin Wolf, makes an intellectually bogus case for negative interest policies.

Gaius Publius: Will Sanders Play His Ace?

Sanders lists demands for Clinton if he fails to get the nomination…and it includes demands like single payer that are so far from her current position that it is inconceivable that she will give them lip service.

A Wake-Up Call on Climate Change and Clean Energy

Why 2017 could be an event horizon as far as climate change is concerned.

Criminal Matter for the Attorney General of NY? NYC’s $764M Medical Records System Will Lead to ‘Patient Death’: Insiders

Another IT debacle, this one with medical records, and so with potentially lethal consequences

Moodys: Public Pension Underfunding to Worsen as Returns Lag

Moodys give an update on the sorry state of public pension funds’ coffers.

James Galbraith Describes Major Forecast Failure in Model Used by Romers to Attack Friedman on Sanders Plan

James Galbraith examines the used forecast by Christine Romer and David Romer to attack Gerald Friedman’s favorable review of Sanders’ plan. He’d already shellacked the methodology in a 2014 book.

Delhi’s Wasteful “Smart City” for Its Elites: Bloomberg’s Parasitical Model for the Future?

Be warned: “Smart city” is the new code word for pampered, resource-hogging enclaves for the elite.

Krugman and His Gang’s Libeling of Economist Gerald Friedman for Finding That Conventional Models Show That Sanders Plan Could Work

Krugman has made maliciously false statements about economics professor Gerald Friedman. Demand that the New York Times issue a correction and that Krugman apologize.

How Many Flints? America’s Coast-to-Coast Toxic Crisis

Flint is just the tip of the iceberg of lead poisoning in America.

Jim Hightower: What Really Poisoned the Water in Flint, Michigan

Flint reveals that there is a much deeper contamination poisoning our country’s political morals.

Investors Piling into Illiquid Assets to Avoid Discipline of Market Prices

Investors are piling into risky, illiquid assets at the worst possible time and for the worst reason: to fake performance.