Fearless commentary on finance, economics, politics and power

In a variant of “follow the money,” some recommendations of how to lead with money, as in reform science research by reforming funding.

An attempt to correct the “blame the poors” approach to the reality and systemic risk posed by debt among lower-income borrowers.

Not enough bad can be said about neoclassical economics. The focus today is inflation policy.

~ Today’s Water Cooler ~

A discussion of the need to replace the Great Divergence framework illustrates how economists often cling to outdated ideas.

Musk is “extremely interested” in Argentina’s vast lithium deposits, according to Milei. So too, apparently, is the US Government and many other US companies. Milei will happily oblige. 

China’s renminbi keeps losing ground. But tiny “other” reserve currencies combined are taking share from the US dollar.

Michael Hudson pulls out his crystal ball to forecast what might be in store for 2024.

The Fourteenth Amendment is not and should not be “self-executing,” as the Maine and Colorado decisions kicking Trump off the ballot show.

Perhaps a collagist?

True scientific innovation needs institutions and people guided by principles that go beyond financial incentives. And fortunately, there are places which support them, unlike Silicon Valley.

Nine achievable New Year’s Resolutions.