Category Archives: Economic fundamentals

Warren’s Antitrust Proposal: Should We Break Up Big Tech, or Just Regulate It Better?

While it is gratifying to see Senator and presidential contender Elizabeth Warren focusing on antitrust and the abuse of monopoly power, her $25 billlion fix looks too simplistic.

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Bill Black: Tom Friedman Just Noticed that the UK “Has Gone Mad”

Bill Black uses Tom Friedman’s recognition just this week that Brexit is a mess as the foundation of a detailed takedown of Friedman’s propaganda, um, views.

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The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: A New “Reality Economics” Curriculum Is Needed (Part 4)

How mainstream economics ignores the lessons from antiquity on the destructiveness of oligachies, and how early industrialists and business schools promoted anti-rentier, socialit policies.

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The Media Endlessly Talks About Interest Rates—Are They Even an Effective Economic Tool at This Point?

Interest rates are a poor substitute for fiscal spending and as we’ve seen, over-reliance on monetary policy produces speculative booms and busts. More and more people recognize this formula isn’t working, but what will it take to change course?

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The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: The Inherent Financial Instability in Western Civilization’s DNA (Part 3)

By John Siman, who is also the author of Part 1 and Part 2 in this series John Siman: It seems that unless there’s a Hammurabi-style “divine king” or some elected civic regulatory authority, oligarchies will arise and exploit their societies as much as they can, while trying to prevent the victimized economy from defending […]

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The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson About His Forthcoming Book The Collapse of Antiquity (Part 1)

Michael Hudson describes how, in antiquity in Greece and Rome, emerging oligarchs ended the practice of debt jubilees, impoverishing laborers.

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