Treasury Secretary Mnuchin’s Forked Tongue on Tax Cuts for the Wealthy
It is an insult to intelligence for Steven Mnuchin to claim that the Trump tax plan isn’t a sop to the rich. That’s the GOP’s raison d’etre.
Read more...Category Archives: The destruction of the middle class
Michael Hudson: Socialism, Land and Banking: 2017 Compared to 1917
Why did socialism lose out in the 20th century to rentiers promoting neoliberalism?
Read more...Brexit Was a Cry of Financial Pain and Not the Influence of the Old
A new analysis of why voters decided for or against Brexit.
Read more...Another Disease of Despair: Rise in Hepatitis C Among Opioid Users
A rise in hepatitis C, another public health crisis in the making, shows the high cost of neglecting job creation and social safety nets.
Read more...Tim O’Reilly: It’s Time to Rewrite the Rules of Our Economy
The economy game is enormously fun for far too few players and an increasingly miserable experience for many others.
Read more...Trump Administration Picks Bizarre Fight With IMF Over Report Backing Taxing the Rich
The IMF makes a careful case for more redistribution.
Read more...“Worse Than Big Tobacco”: How Big Pharma Fuels the Opioid Epidemic
How an out-of-control opioid industry is threatening public health on a mammoth scale.
Read more...Wolf Richter: The Big Amazon Subsidy is Doomed
Amazon is losing more and more ground to states out to collect sales taxes.
Read more...CFPB Issues Payday Lending Rule: Will it Hold, as the Empire Will Strike Back
How big a victory is the CFPB’s new payday lending rule for consumers of financial services? And will it hold– as the industry fights back.
Read more...Uber Board Members Kiss and Make Up (for Now), but Long-Term Problems Remain
Uber may have bought itself more time with a conditional pact among its big shareholders, but it hasn’t solved its fundamental problems.
Read more...Hy Minsky, Low Finance: Modern Money, Civil Rights, and Consumer Debt
MMT’s ultimate contribution to consumer finance is showing a world beyond the “Let Them Eat Debt or Let Them Eat Cash” approaches.
Read more...Jared Bernstein Shows the Costs of Not Understanding Sovereign Currencies
Jared Bernstein, like his fellow fauxgressives, endorses deficit hysteria instead of policies based on how our money system works.
Read more...EU Immigration – A Gateway Drug
Citizens have become far more sensitive to the perceived and real costs of immigration. Ignore those concerns and risk losing power.
Read more...Occupy the SEC Calls Out Regulator’s Absurd Push to Neuter Volcker Rule
Occupy SEC calls out OCC nonsense on need to reform– gut– the Volcker Rule’s proprietary trading limits for TBTF banks. Will anyone listen?
Read more...Gaius Publius: Obama Follows Clinton, Boards the Millionaire Speech Train to Wall Street
Like Bill Clinton before him, ex-President Barack Obama has boarded the Wall Street-financed train to millionaire riches.
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