Yves here. From time to time, readers chide us for lacking the patience to spell out the proper name of economics profession’s imitation Nobel Prize. J.R. Swenson is particularly annoyed by this practice and is highlighting some of the (sadly still few) instances within the discipline of pushing back against the brand appropriation. To highlight […]
Read more...Hudson reviews how economics has misrepresented the evolution of money and land ownership and promoted oligarchy.
Read more...Economist Michael Hudson explains the inflation crisis and warns a “long depression” is coming, due to the new cold war on Russia and China.
Read more...A well regarded paper by Fed researchers challenges conventional views on the relationship between inflation and employment
Read more...The Fed, following neoclassical orthodoxy, hates having ordinary workers properly paid.
Read more...Another blockbuster interview with Michael Hudson.
Read more...An analysis of the concentration of key commodities in supply chains shows why the Russia sanctions are having some outsized effects.
Read more...Finally! Evidence-based answers to the main (policy) questions concerning the return of high inflation.
Read more...Why can’t we have nice things like leisure time?
Read more...How high demand for traded goods is generating inflation, and central banks hitting the brakes is likely to hit growth unnecessarily hard.
Read more...Too many central bankers are raising interest rates at the expense of working people’s families, supposedly to check inflation.
Read more...The development and future of America’s hegemony is a major focus of Michael Hudson’s new book, The Destiny of Civilization.
Read more...Countries around the world will suffer from central bank malpractice as the Fed and its peers act as if they can treat supply side inflation
Read more...On the rise and decline of the dollar system.
Read more...Larry Summers tells us a recession is coming….sometime….because the US is having too good a time job-wise.
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