Fearless commentary on finance, economics, politics and power

Michael Hudson and Richard Wolff take apart widespread myths about Federal spending and debts.

Does this mean Venezuela is about to have another parallel government with a puppet leader in exile? In other words, a Guaidó 2.0? Probably not.

A much-needed look at how the mainstream media has tried to ignore and even justify Israel’s genocide in Gaza

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~ Today’s Water Cooler: Politics, syndemics ; Siena poll turns out not necessarily to Kamala’s advantage; Kennedy ad deserves to go viral; Kamala visits Penzeys spice in Pittsburgh; Boeing signals more work in Renton with industrial lease, contract proposal ~

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Looking at a few likely Russian boundary conditions for its war in Ukraine suggests the end game will be tricky indeed.

Religion is a ubiquitous social phenomena that can spur or impair economic growth by affecting four elements of the macroeconomic production function – physical capital, human capital, population/labour, and total factor productivity.

Sikorski wants to shoot down Russian missiles as pressure buildis on Germany to start footing more of the bill for US imperial ambitions.

The war on the homeless in the US has entered a very ugly phase.

Why would anyone be “honored” by Dick Cheney’s endorsement?

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Markets that reference prices in other markets are common in the world of finance—all stock options and index futures have this property. But when it comes to electoral prediction markets, I see no rationale for such derivative contracts.