Rob Johnson joins Background Briefing with Ian Masters to discuss public concern about inflation
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The Fed has its own baseball history, from semi-pros on the 1921 Kansas City Fed team to games pitting married women and men against their single colleagues.
Given the news, it’s hard for an environmentally-conscious socialist worker to focus on a single topic.
Think about it. Should I focus on the catastrophic drought, heat wave and/or wildfires afflicting Europe, north Africa and Asia? What about the megadrought that left Lake Mead dry? Should I focus on it, instead?
Although words like “unprincipled,” “amoral,” and “serial liar” seem to describe the outgoing British prime minister accurately, they accurately describe more successful political leaders as well. To explain Johnson’s fall, we need to consider two factors specific to our times.
And onto today’s climate forecast, where we can expect to see a prolonged spell of inaction, interspersed with patches of hazy promises across many areas. Over Westminster and other centres of government, a build-up of hot air will cause inactivity to soar to record levels over the coming days, in spite of the high pressure. Elsewhere,…
Transcript of Interview on The Left Lens with Danny Haiphong May 25th, 2022 DANNY HAIPHONG: Good afternoon, everyone. Happy Wednesday, May 25th, welcome to the stream, to another left lens. Today we have a very special guest so as you’re coming in make sure you are liking the stream sharing it, make sure that you Continue Reading
The post Finance Capitalism’s Self-Destructive Nature first appeared on Michael Hudson.In my first column in this series, I gave Hyman Minsky’s explanation of what caused the stagflation of the 1970s—a credit bubble bursting when the economy was absolutely at its peak caused the stagnation, while high wage and oil price rises caused the inflation. I finished with the essence of Milton Friedman’s very different explanation: … Continue reading "This Ain’t Your Daddy’s Inflation Part Two"
One of these worlds is gone, and to the other, we will never return.
The post A Tale of Two Pools appeared first on Zeldman on Web and Interaction Design.
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Clare O’Brien, writing for Working Life, the ACTU newsletter, remind us that we must check our payslips carefully:
Cautionary lessons from Germany’s plight: The shifting landscape raises pointed questions: Is an economy built on energy-hungry industries sustainable when fuel is very expensive? Can an export-driven strategy succeed when […]
As part of my recent fascination with competitive and ‘de-competitive’ merit selection, I’ve been looking at the origins of both parliamentary and presidential elections. Intriguingly though we now associate elections with competition between candidates, in both the British parliamentary system … Continue reading
Corporate responsibility needs to evolve if businesses are going to rebuild trust and provide real value for society.
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Macro and Cheese pod, July 9 2022. Michael Hudson A central tenet of the World Bank from the beginning is to convince countries not to grow their own food, but to create plantation agriculture to prevent family-owned farming of food, to grow plantation export crops and they become dependent on the United States for their Continue Reading
The post International Trade and MMT with Keen, Hudson first appeared on Michael Hudson.
Author and law professor Maurice Stucke warns that as fundamental privacy rights vanish, your personal data can and will be used against you.
University of Tennessee law professor Maurice Stucke, author of “Breaking Away: How to Regain Control Over Our Data, Privacy, and Autonomy” has been critical as tech firms have grown into giant “data-opolies” profiting from surveillance and manipulation. In a conversation with the Institute for New Economic Thinking, he warns that legislative inaction and wider government complicity in this surveillance are eroding fundamental rights to privacy along with the ability of federal agencies to regulate Big Tech.
Lynn Parramore: Concern over privacy is increasing right now, with people worrying about different aspects of the concept. Can you say a bit about what privacy means in a legal context? With the digital revolution, privacy obviously means something different than it did 50 years ago.
Why it lacks resilience, and What will take its place Paper presented on July 11, 2022 to The Ninth South-South Forum on Sustainability. THE COLLAPSE OF MODERN CIVILIZATION AND THE FUTURE OF HUMANITY. The greatest challenge facing societies has always been how to conduct trade and credit without letting merchants and creditors make money by Continue Reading
The post The End of Western Civilization first appeared on Michael Hudson.Supporting mothers could increase their labor force participation, and researchers have found that closing income and other gender gaps could add to GDP.
Central banks can encourage climate-friendly investments by offering financial institutions favorable haircuts on green collateral
Central banks can encourage climate-friendly investments by offering financial institutions favorable haircuts on green collateral
Few dispute that there can be no green transition without a greening of finance. Yet, the greening of finance drags on and on. In fact, estimates suggest that current practices in the financial sector have us headed for temperature increases two-fold larger in magnitude than those aimed for with the Paris agreement. In this predicament, might a way forward be to engage central banks in fostering the much-needed greening of finance?
I use word frequency to study the rise and fall of capitalist ideology.
The post Have We Passed Peak Capitalism? appeared first on Economics from the Top Down.
Below is Ross Garnaut’s lecture in honour of my Dad. Economic Ideas and Policy Outcomes: Applications to Climate and Energy Fred Gruen signed up as Professor of Economics in the ANU’s Research School of Social Sciences in 1972, at the … Continue reading