macroeconomics

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Anti-Capitalist Meet-Up: financialization and sandwich shop capitalism

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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  • April 25, 2021
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Krugman: stagflation as ambitious macroeconomic policies and conservative ideas was wrong?

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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  • February 9, 2021
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AntiCapitalist MeetUp: government deficit is a myth in the eyes of Modern Monetary Theory

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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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  • June 28, 2020
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Economist validates Elizabeth Warren’s Medicare for All tax-question answer.

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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  • October 31, 2019
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American Manufacturing Sector Is Already in a Recession.

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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  • August 20, 2019
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