Phishing Equilibria in Silicon Valley: Google Maps and Fraud
Don’t trust business listings in Google Maps. They’re can be fraudulent, even dangerous.
Read more...Category Archives: Market inefficiencies
Michael Hudson: Why Frances Coppola’s “The Case for the People’s Quantitative Easing” Is for Banks, Not the People
A dubious proposal to continue over-reliance on monetary policy, this time with a quantitative easing scheme, instead of fiscal spending.
Read more...Carbon Dividends: A Plan for Earth’s Survival that Can Survive U.S. Politics?
Yves here. Carbon dividends are a way to create support for setting a price for carbon. None other than those starry-eyed granola heads at Financial Times called for setting a price for carbon in 2007. Pigovian taxes (ones meant to discourage activity, like transactions taxes) should typically not be seen as revenue generators, since you […]
Read more...Hospitals Squeal Like Stuck Pigs Over Trump Proposal to Force Disclosure of Insurance Company Discounts
A Trump proposal to force some price transparency on hospitals has them hopping mad.
Read more...Nobel Economist Angus Deaton: Inequality is Destroying Democratic Capitalism
Angus Deaton argues that the present level of inequality is a threat to “democratic capitalism” but contends that historically, even more severe inequality has been reversed.
Read more...Keeping the Oil in the Soil
The goal of any serious climate policy is to keep oil and other fossil fuels in the ground. The central question is how.
Read more...Takers and Makers: Who Are the Real Value Creators?
Why stories from “value creators” should be taken with a fistful of salt.
Read more...Rebel Economist Breaks Through to Washington on How Shareholder Value Theory Rewards the Undeserving
How William Lazonick persuaded pols and pundits that the shareholder value theory was bad for business and society.
Read more...Robert Reich: Here’s Why We Need to Break Up Big Tech
Monopolies aren’t good for anyone except for the monopolists, especially when they can influence our elections and control how Americans receive information.
Read more...Health Care Price Transparency: Fool’s Gold, or Real Money in Your Pocket?
A former insider explains why more transparnecy won’t solve bad health care pricing practices.
Read more...Are Economists Blocking Progress on Climate Change?
As they so often do, by promoting unrealisitc models, economists have become part of problem rather than the solution.
Read more...FANGMAN Stocks Crushed by Potential “Unprecedented, Wide-Ranging Probe” into Google, Apple, Facebook, Amazon
The authorities have come to realize that monopolists like Google and Amazon aren’t good for the health of the economy or even (despite their tech sheen) “innovation”.
Read more...The Intergenerational Effects of a Large Wealth Shock: Evidence from the US Civil War
The US Civil War did not do lasting damage to the economic position of wealthy slaveholding famiies.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Twenty: Will the “Train Wreck” Uber/Lyft IPOs Finally Change the Public Narrative About Ridesharing?
A post-mortem of the Uber and Lyft IPOs.
Read more...Advertising as a Major Source of Human Dissatisfaction: Cross-National Evidence on One Million Europeans
Advertising is bad for you! And not just your wallet!
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