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Posts tagged "Free markets and their discontents"

Frontline’s Astonishing Whitewash of the Crisis

Several of my savviest readers wrote expressing disappointment and consternation with the Frontline series on the crisis, "Money, Power, and Wall Street." The first two parts of the four part series have been released, and it's probably safe to say that this program is far enough along to be beyond redemption.

Randy Wray: The Job Guarantee and Real World Experience

By Randy Wray, Professor of Economics at the University of Missouri-Kansas City There have been many job creation programs implemented around the world, some of which were narrowly targeted while others were broad-based. The American New Deal included several moderately inclusive programs such as the Civilian Conservation Corp and the Works Progress Administration. Sweden developed broad...

Philip Pilkington: Matt Yglesias’ Plan to Seize Your Savings for the Good of the Economy

By Philip Pilkington, a writer and journalist based in Dublin, Ireland. You can follow him on Twitter at @pilkingtonphil “Oh no! This is going to get silly!” That’s what I thought when I read the first few lines of Matthew Yglesias’ post on how, in a cashless economy central banks would be able to...

Michael Hudson: Productivity, The Miracle of Compound Interest, and Poverty

Suppose you were alive back in 1945 and were told about all the new technology that would be invented between then and now: the computers and internet, mobile phones and other consumer electronics, faster and cheaper air travel, super trains and even outer space exploration, higher gas mileage on the ground, plastics, medical breakthroughs and...

Jamie Galbraith on Inequality and Instability

Real News Network interviewed Jamie Galbraith on his new book, Inequality and Instability, in which he argues the two phenomena are linked.

From Financial Crisis to Stagnation: An Interview with Thomas Palley

Thomas Palley is has served as the chief economist for the US – China Economic and Security Review Commission. He is currently Schwartz Economic Growth Fellow at the New America Foundation. His latest book From Financial Crisis to Stagnation is available at a 20% discount here [Select country location (top right hand corner) &...

Spain’s Severity is Not Sustainable

By Delusional Economics, who is horrified at the state of economic commentary in Australia and is determined to cleanse the daily flow of vested interests propaganda to produce a balanced counterpoint. Cross posted from MacroBusiness.

The pain in Spain continues with the government releasing the country’s latest budget which has been described by some...

Marshall Auerback and Randy Wray: America Needs Healthcare, Not Health Insurance

Ironically, the Roberts Court could actually be the instrument that leads us toward something approaching a rational, affordable healthcare provision.

Marshall Auerback and Randy Wray: America Needs Healthcare, Not Health Insurance

Ironically, the Roberts Court could actually be the instrument that leads us toward something approaching a rational, affordable healthcare provision.

Mark Ames: The One Percent’s Plan for the Rest of Us – Livestock to be Milked for “Rent”

Yves here. Mark Ames' post discusses the institutionalization of a regressive policy, that of trying to eke more corporate growth out of extracting more and more out of workers rather than sharing the benefits of productivity gains with them.

Chris Cook: Spikes and Speculation in the Oil Market – Flash Crash Part Deux?

By Chris Cook, former compliance and market supervision director of the International Petroleum Exchange Cui Bono from High Prices? If there is one thing that the history of commodity markets tells us it is that if producers can support and manipulate prices in their favour, then they will.

US Air’s Consumer Fraud, or Yet Another Reminder Why We Need Regulation

As you might know, since I gave a wee plug, I was on a panel at The Atlantic's Economy Summit on Wednesday. Even though NC readers know much Rubinite/Hamilton Project thinking dominates the Democratic party, it was a bit surreal to see how many of its core assumptions were pretty much unquestioned, such as the...