Unsung Heroines: Who Cares for the Carers?
Even before COVID-19, the world was facing a care crisis, a problem that is only worsening.
Read more...Category Archives: Market inefficiencies
Hubert Horan: What Will it Take to Save the Airlines?
The airlines are facing an existential crisis, yet no one in power is inclinded or even equipped to intervene.
Read more...What Are the Three Concurrent Crises of the Coronavirus Depression?
Past theories of crises and why they matter now.
Read more...Michael Hudson and Dr. Jeffrey Miron of Cato Debate Capitalism
Michael Hudson sharpens some of his arguments in a discussion with a Harvard/Cato Institute stalwart.
Read more...Finance Capitalism vs Industrial Capitalism: How Financial Parasites and Debt Bondage Are Destroying Us
Another Michael Hudson star turn on debt dynamics, this time focusing on the coronavirus bailouts are shoring up rentiers.
Read more...The Coming Battle for the COVID-19 Narrative
Will the disruption of Covid-19 deal a major blow to market ideology?
Read more...Why East Germans Are Not Taking Advantage of the Large Wage Gap Between East and West Germany
Reallocating workers to better jobs at their current location could be a more cost-effective avenue to increase aggregate wages, and even accelerate regional convergence
Read more...Do Davos Billionaires and Bankers Really Believe Booms and Busts Are Over Because They’ve Trained the Fed?
Fed tightening is no longer needed to create recessions, given fragile credit structures and a growing pandemic out of China.
Read more...Financialization of the U.S. Pharmaceutical Industry
A takedown of the pharmaceutical industry’s assertion that it need to price gouge so it can invest in R&D. Profits go almost entirely to various forms of looting.
Read more...New Evidence on The Broad Reach of Pharmaceutical Payments
Our results add to a growing body of evidence linking pharmaceutical payments to changes in prescribing behaviour
Read more...Roiled Repo Markets: Looking for Answers in All the Wrong Places
If you are worried about repo, you are worried about the wrong thing. If anything, it’s a symptom of too much liquidity demand from the FX swaps market.
Read more...Herd Behaviour in Asset Markets: The Role of Monetary Policy
Data supports the idea that lax monetary policy contributes to bubbles. Yes, Virginia, some regard that claim as controversial.
Read more...Michael Hudson: Asset-Price Inflation and Rent Seeking
A meaty new paper by Michael Hudson.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Twenty-One: Mike Isaac’s Book Ignores Economics and Financial Results and Gets the Uber Story Almost Entirely Wrong
Mike Isaac’s Super Pumped!, a new book on Uber, draws fundamentally false conclusions about the company.
Read more...48 States to Investigate Google: Anti-Trust or Politicking?
The messy politics of the 48 state Google anti-trust investigation.
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