Keynesian Militarism or Wishful Thinking?
European NATO members hope Keynes’ magic will make their newly adopted militarism feasible. A sanity check.
Read more...Category Archives: The dismal science
Trade in the Time of Trump
Trump promised in 2016 and 2024 to undo deindustrialization from globalization and free trade, with tariffs as his main tool. Can it work?
Read more...Trump’s Additional 50% Tariff Against China and China’s Tit for Tat Retaliation: Trump Own-Goals Himself Into Where China Would Want Him
Some further thoughts on the radical US-destructiveness of the Trump tariff regime.
Read more...Trump Thinks Tariffs Can Bring Back the Glory Days of US Manufacturing. Here’s Why He’s Wrong
More on the false premise that Trump can restore the US as a manufacturing powerhouse.
Read more...Trump’s Non-Cooperative Game
Game theorists do not take a kind view of how Trump is going about things.
Read more...Another Trump Big Lie: “Reciprocal Tariffs”
Further discussion of the delustions and misrepresentations of the Trump tariffs.
Read more...Bracing for the Fallout from Trump Tariff Delusions
Trump is about to drop another big tariff shoe, and pretty much no one but very hard core ideologues is on board.
Read more...The Perceived Costs of Business Cycles and Inflation
Quelle surprise! People really hate the uncertainty that comes with business cycles. This bodes ill for the Trump regime.
Read more...“Might the US Be About to Fall Off an Economic Cliff?”
The respected Atlanta Fed NowCast is scary bad, as in economic shoes about to drop in a big way bad.
Read more...Capitalism in Decay
A compact assessment of where capitalism is taking us.
Read more...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...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...Charles Kindleberger, the Dollar System, and Financial Crises
On Perry Mehrling’s Money and Empire: Charles P. Kindleberger and the Dollar System, including how some of his key ideas have been borne out.
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...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.
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