As Presidential Hopefuls Spar on Social Security, Separating Fact from Fiction
Eric Laursen, author of The People’s Pension, explains the campaign of sneak attacks and misinformation against Social Security.
Read more...Category Archives: Macroeconomic policy
Global Economy’s Momentous Shift and Monumental Inequality
An in-depth yet lively debunking by Richard Wolff and Michael Hudson of Panglossian depictions of the state of the US economy and society.
Read more...Unhappy New Year: How Austerity is Making a Comeback in Berlin and Brussels
How EU states are still trapped in their self-devised austerity hairshirt.
Read more...Prof. Michael Hudson, World Predictions for 2024 (USA, UN, Palestine, Russia And BRICS)
Michael Hudson pulls out his crystal ball to forecast what might be in store for 2024.
Read more...Is Neoliberalism Really Dead? Or Does It Live on Like a Zombie?
Neoliberalism is still doing a fine job of zombifying economies, but the doctrine sadly is in rude health.
Read more...Hungary Vetos €50 Billion EU Funding Package for Ukraine; Fuming EU Leaders Promise Workaround, but How?
Yet another shot below the water line for sinking Project Ukraine.
Read more...EU and US Ukraine Funding Even More in Doubt as War Effort Falters
Things are going from bad to worse for Ukraine, and at an accelerating pace too.
Read more...Evidence – And an Explanation – For the Recent Surge in Inflation Inequality
Though firms passed rising upstream costs on to retailers at similar absolute rates, the increases for low-end products are disproportionately large when measured in percentages – a pattern with real consequences for consumers.
Read more...Wolf Richter: Not Sure How Long It’ll Last: Spending on Factory Construction Does a Historic Spike, after Years of Going Nowhere
This is amazing, and I’m not sure how long it will last.
Read more...Ukraine’s Desperate Search for War Funding Hits Local Budgets
Ukraine’s local authorities are undes serious budget stress despite government assurances of support
Read more...Seeking Full Employment Without Falling Prey to Neoliberal Traps
MMT economist Bill Mitchell on the rise of neoliberal ideology across the Anglosphere and how it curbed labor.
Read more...With Shutdown Averted, Is Social Security Safe? Nope!
Tax breaks to the rich mean less revenue, higher deficits, and more calls to gut programs like Social Security that protect ordinary citizens
Read more...Wolf Richter: Why Longer-Dated Treasury Yields Spiked. It’s Not Magic: Yield Solves All Demand Problems
Tsunami of issuance meets Fed QT, Skittish Foreign Buyers, and US buyers demanding to be compensated for the risks of out-of-control deficits in an inflationary environment.
Read more...More on Ukraine’s Desperate Economy
A recent report on conditions in Ukraine paints a more dire picture than your humble blogger had imagined, and I have an active imagination.
Read more...McCarthy Ouster, Senate Republican Opposition Bode Ill for 2023 Ukraine Funding
Ukraine funding, a big focus of the row over McCarthy’s speakership, is not getting any easier.
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