macroeconomics

Whether it’s soccer teams or sandwich shops, financialization was there before the pandemic, only making some of its supply-chain hijacking yet another example of an impending capitalist disaster. Re-regulation must remain important as crises loom in the post-pandemic recovery.  A 2017 interview with UMass’s Gerald Epstein points to the need to...

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  • Avatar of News Corpse
  • April 25, 2021

Let real wages (of $15+/hour) grow faster than labor productivity for some years, undoing the wage repression of the last decades. We have been misled by neoliberal economics for now many decades, it’s time to turn many things around in what is becoming a second-rated US economy, recently crippled by the...

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  • Avatar of annieli
  • February 9, 2021
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Modern Monetary Theory (MMT) can (but not will) save the US economy. What with the White House Council of Economic Advisors now reduced to one economist, it’s worth noting that one of their econometric models (Hassett) influenced the prediction that COVID-19 infections in the US would go to zero by...

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  • Avatar of annieli
  • June 28, 2020

For too long the mainstream media has been given a pass for being the patsy of the plutocracy. Many times they ask loaded questions with an intent to mislead and in doing so placate their masters, the pharmaceutical industrial complex, the healthcare industrial complex, the energy industrial complex, and every other...

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  • Avatar of Egberto Willies
  • October 31, 2019

Did you know that the manufacturing sector of the U.S. economy was already in a recession?   Manufacturing fell at a 2.2% rate in the second quarter after a 1.9% drop in the first three months of the year. This is not the dreaded Media trying to rattle Americans.  It’s those...

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  • Avatar of Merlin1963
  • August 20, 2019