Fearless commentary on finance, economics, politics and power

Jamie Galbraith describes what government needs to do to keep hospitals and the real economy functoning during the coronavirus crisis.

Micheal Hudson explains how the ancient approach to managing debt is far superior to ours.

The UK embraces modern monetary theory….and perhaps hopes no one notices.

If the public is to be asked to give bailouts to businesses, it should get something back for its money. It needs to share in any upside.

Today’s Water Cooler: Biden base v. Sanders base, Biden’s donors, Klobuchar, Sanders, Warren’s donors, employment situation, ventilator manufacturing, Fed QE, climate change, national monuments, “listening to the body,” #COVID19 (chloroquinine, TB), #COVID19 and the poor, self-isolation

The State Department’s global level 4 health advisory,recommending US citizens not travel internationally, has travel insurance implications.

Republicans have tabled a corporate bailout plan to calm markets. Can Bernie Sanders and others redirect the stimulus to reflate the economy?

The bailout bill looks shameless, even by Trump Administration standards.

An epidemiloigist looks at Covid-19 data.

The COVID-19 specter led Congresscritters to coo reassurance, and dump shares. A modest proposal: require immediate disclosure of trades.

In the face of massive economic calamity caused by coronavirus, Michael Hudson argues a debt jubilee is the only way to avoid a depression.