Pontius Pilate asked, "What is truth?" Time to ask "What is science?" since our market system creates sciences that aren't very scientific.
The dismal science
The sanctions against Russia and Russia's kinetic war in Ukraine have produced great changes in and outside. But what are their implications?
Galbraith debunks conventional wisdom on sanctions against Russia.
The Fed’s objective is asymmetric, with inflation overshoots being more costly than undershoots. Using data from the Summary of Economic Projections it shows that the Bernanke Fed was too hawkish, the Yellen Fed was too dovish, and the Fed under Jerome Powell has at times been too hawkish and too dovish.
The IMF takes a wee look at who is hurt by and benefits from inflation.
Another tour de force by Michael Hudson on how debt dynamics create oligarcies, how the Fed stoked thebank crisis, and the multipolarity push.
The bank panic is proving to be an exercise in class warfare that may well wind up further strengthening the right.
Bank fundamentals do not look likely to get better any time soon, yet the Fed seems determined to make matters worse.
The media introduction to Michael Hudon's newest book, The Collapse of Antiquity.
Law and economics expert Walker Todd explains how a financialized system creates havoc and why it’s time to rethink banking