New York Fed’s Measure of “Inflation Persistence” Nixes Friday’s Idea that YoY PCE Inflation Cooled, Using Same Data
Inflation Whack-A-Mole: price pressures shifted from housing to non-housing services and core goods.
Read more...Category Archives: The destruction of the middle class
DOGE Taketh Away From the Many as Trump Pays Off Crypto Bros With New “Strategic” Fund, Above All, Crypto Czar David Sacks
We warned that crypto was closely aligned with criminal activity. The open grift of the new “strategic” Trump fund proves that case.
Read more...Trump and Wealth-Price Inflation: Still Running in the Background All the Time
Demand by America’s most affluent is driving consumer spending. That spending, in turn, is the main force keeping inflation so high
Read more...Capital as Power in the 21st Century: A Conversation
An in-depth discussion by Michael Hudson, Jonathan Nitzan, Blair Fix and Tim Di Muzio of the capital as power framework and its explanatory value.
Read more...The Frog or the Scorpion: Do Democrats Really Need to Ask Who Caused the Mess We’re In?
Yes, the Democrats really are hopeless.
Read more...Guantánamo, Donald Trump’s “Immigrant Problem,” and the Rest of Us
Trump’s methods for dealing with immigrants with less than solid visa status are often cruel. That is almost certainly a feature, not a bug.
Read more...Musk Is Lying About Waste and Fraud in Social Security to Have an Excuse to Kill It
Musk wants to cut your Social Security benefits and then have Congress use the savings to give himself a gigantic tax cut.
Read more...The Bazooka Diplomacy of Trump’s Tariffs
A look at theory and practice as far as tariffs are concerned, and what that means for Trump’s threats and plans.
Read more...“What Is the Mainstream Media Missing About Elon Musk? He Is Instituting Technocracy”
A discussion of the regime that Elon Musk and his tech bros are in the process of implementing.
Read more...“We Must Fund Oppositions Properly to Save Democracy”
The Financial Times’ Martin Wolf, like quite a few others, looks for ways to save democracy from itself, as in rule by voters.
Read more...Trump’s Shock Doctrine: Uncertainty and the Repudiation of Contracts
How Trump’s economic revolution and the uncertainty it is creating are already wreaking havoc.
Read more...The Execution of the CFPB: Capitalism Survives Another Attempt to Save It
A discussion of Elizabeth Warren’s naivete about the predatory nature of capitalism.
Read more...‘So Much for Lowering Costs’: Fury Over Musk’s Death Wish for CFPB That Returned Over $20 Billion to Consumers
Revealingly, Musk makes closing an agency that keeps billionaires like him from cheating ordinary citizens a top priority.
Read more...Medicaid Work Requirements Could Boot 36 Million People Off Their Health Coverage: Report
“Work requirements are simply another way to cut Medicaid.”
Read more...Is Trump Serious About Trying to Close the Private Equity Carried Interest Loophole?
Trump wants to revive his 2017 plan to curb a private equity tax abuse, the so-called carried interest loophole. Is he likely to succeed now?
Read more...