Is Paul Krugman’s Liquidity Trap Really an Inequality Trap?

As I watched Paul Krugman Sunday night on Bill Moyers, I felt a familiar sense... | Read more »

The Keynesian Stimulus Spending Fallacy

It’s a truism of pop Keynesian economics that consumer spending drives the economy; if spending... | Read more »

Capturing the Multinational Dragons’ Gold

As medieval dragons do, the dragon in the Beowulf epic sleeps on a pile of... | Read more »

Pity the Poor Child Molester

Imagine that you woke up one day and found, not that you had turned into... | Read more »

Yves Smith on The Finance-led Counterrevolution and the Rush to Destroy the Safety Net

Yves Smith has said it better than I could in her blog, Naked Capitalism: “My... | Read more »

How to (Really) End This Depression: a Response to Paul Krugman

In the May 24 New York Review of Books, Paul Krugman writes, "The truth is... | Read more »

What Drives the War on Drugs?

First it was the Dominican limo driver, who disappeared while driving a client upstate. When... | Read more »

Can Killing Government Prevent Special Interest Capture?

In my last post on meat markets and securities markets, I argued that competitive markets... | Read more »

Animal Spirits, by Akerlof and Shiller

Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism,... | Read more »

Magic Mushrooms

It had been a rainy summer in Colorado. No surprise to find mushrooms as we... | Read more »

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