The Government Makes a Profit on Defaulted Student Loans
The Federal government’s unheard of profits on defaulted student loans confirms that the scheme is predatory. And defaults are set to rise.
Read more...Category Archives: The destruction of the middle class
Reversing 30 Years of Damage from the Clintons, the DOJ Closes A Price-Fixing Loophole Wide Enough to Drive a Truck Through
Why are you paying so much for everything? DOJ admits that decades-old carveout allowed even non concentrated industries to effectively build cartels to coordinate prices and wages
Read more...Tipping Is Not a Reward—It’s an Insult
Tipping legalizes subminimum wages and keeps workers subservient to the whims of employers and customers.
Read more...‘Absolute Hypocrisy’: GOP Unveils Bill to Make Trump Tax Cuts Permanent While Howling About Debt
The point of the debt ceiling melodrama is to give fiscal hawks another whack at budget-cutting. Tax increase are therefore off the table.
Read more...What Happens When Progressives Tacitly Accept Reactionary and Authoritarian Identity Politics
Progressives sat back when some clearly dodgy social change programs were being implemented, handing the right some easy wins.
Read more...The Obama Presidential ‘Library’
Obama has an edifice complex! Who’d have thunk it?
Read more...James Galbraith: The Quasi-Inflation of 2021-2022 – A Case of Bad Analysis and Worse Response
Galbraith explains why conventional views of inflation are a particularly poor fit for recent price increases and produced bad policy
Read more...How Corporations Hope to Eviscerate Workers’ Right to Strike
A suit by Glacier Northwest, seeking to recover costs it incurred during a strike, is now before the Supreme Court.
Read more...US Inflation Policies Slowing World Economy
The Fed is playing killer of the current inflation even though it isn’t set up to do so. That’s hurting a lot of innocent bystanders.
Read more...How the Left Should Exercise Power Once They Have It
Another episode in the long-running soap opera, “Can the Left Be Saved?”
Read more...“Yes, Britain Is Corrupt. But It’s a Lot Worse Than You Think”
The press talked up the UK’s drop in the Corruption Perception Index. But the UK has long been an engine of corrupt conduct around the world.
Read more...AI = BS
Don’t. Don’t. Don’t believe the hype.
Read more...Radhika Desai and Michael Hudson Discuss the Causes and Politicization of Inflation
Desai and Hudson debunk widely-believed, finance-and-elite-serving myths about inflation.
Read more...The Post-Covid Global Economy: Could Negative Supply Shocks Disrupt Other Fragile Systems?
Continuing shocks to the economy threaten the stability of democracies that already show significant signs of fragility
Read more...Healthcare Systems Increasingly Turn to Gig Nurses to Remedy Their Self-Created Nurse “Shortages”
Private equity uses the pandemic to pursue the “Uberfication” of nursing.
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