Polarization, Then a Crash: Michael Hudson on the Rentier Economy
Michael Hudson discusses the chokehold of pro-finance, pro-rentier capitalism reaching into the present COVID-19 crisis.
Read more...Category Archives: The dismal science
Larry Summers’ Opposition to $2000 Covid Payments Confirms Our Classic: “Why Larry Summers Should Not Be Permitted to Run Anything More Important than a Dog Pound”
Larry Summers is at it again.
Read more...Explaining Fiscal Multipliers, a Stealthy but Important Budget Battleground (Part 1)
Fiscal multipliers, an economic concept often misused to justify austerity, is rearing its head in Beltway budget debates. Time to bone up.
Read more...Who Loses Out From Covid-Induced Changes in Buying Patterns?
Why for some sectors of the economy, life after Covid may never be the same.
Read more...Why We Need to Adopt Friedrich Engels’ Thinking on Science in These Times
Friedrich Engels work on working class included describing how capitalists would not contrain their environmental damage.
Read more...Study of 50 Years of Tax Cuts For Rich Confirms ‘Trickle Down’ Theory Is an Absolute Sham
Another nail in the trickle down economics coffin. Too bad that vampire-like, it keeps coming back.
Read more...Macroeconomics, Money (MMT Style) and Post-Brexit Recovery, All in One Twitter thread
Money, lending, government spending, QE….all explained in one tidy post!
Read more...Jamie Galbraith: How Jason Furman and Lawrence Summers Reinforce a Destructive, Debunked Mainstream Paradigm to Support Deficit Spending
To defend deficits, Furman and Summers relied on debunked theories, thus preserving destructive mainstream economic ideas.
Read more...Capitalist Systems and Income Inequality
Focusing on class produces a new taxonomy of capitalist countries.
Read more...The Scarring Effect of COVID-19: Youth Unemployment in Europe
Youth unemployment spiked in the EU after the financial crisis. Covid is set to do even more damage.
Read more...Spreading Like Wildfire: Luther’s Network and the Early Reformation
How did Martin Luther’s message spread so quickly?
Read more...The Gospel of Capitalism is the Biggest Turkey of All
Western modernity and capitalism may be exhausting themselves, says author Eugene McCarraher. And that’s something to be thankful for.
Read more...Loneliness, Happiness, and Love in Times of Covid-19
The altered constraints on whom we spend time with imposed by the Covid-19 crisis might have affected human happiness.
Read more...Dealing with the Second Wave: Subsidies, Instead of Ordering Closures
Could officials use carrots rather than a stick to induce short-term closures of high risk businesses like restaurants?
Read more...James M. Buchanan, Segregation, and Virginia’s Massive Resistance
Later “Nobel” prize winner James Buchanan took his first policy stance by supporting segregation in Virginia via proto charter schools.
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