The Bailouts Caused the Shitty Economy, Part 2
Back in 2013, I wrote an article making the argument that bailouts were responsible for the bad economy. The reason the economy has not recovered and will not recover for at least a generation is...
View ArticleStopping Donald Trump at the Convention
So, this is the plan. All the major candidates stay in the race, strategic is encouraged, and if Donald doesn’t have the majority of delegates at the convention, only a near-majority (because, don’t...
View ArticleWhy the Economy Is Bad for Most People and Getting Worse
This is the second collation of articles on why our world is what it is, and how we can change it. Some of these articles are old, as I don’t write as much as I used to about economics because the...
View ArticleTrump Is the Next Stage of the Disease
One of the more common mistakes regarding Trump is to see him as something that came out of the blue; unheralded and strange. Trump is a kleptocrat. The US is a kleptocracy. It “formally” became a...
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A World Without Poor People (Sort of)
Because the last time it was done, it was not forbidden, because good jobs cluster in only a few regions now and because of vast influxes of foreign money, we have charts like this: So, almost a 100%...
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How Much the US Economy Has Recovered for Most Workers
Basically, not at all. Labor Force Participation Rate So, around 1980, wages go off a cliff. Americans respond by increasing the number of two earner households, because from 1980 onwards, the Federal...
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Yellen’s Legacy Is Doing Nothing That Mattered
So, Janet Yellen has been replaced as Fed chair. Her reign was meaningless, she just kept the trends moving as they were, and was essentially no help to ordinary Americans. Yes, she kept interest rates...
View ArticleWhy We Need to End Banks and Shadow Banks
Banks and various other financial companies have one important privilege: They can create money. When a bank lends you money, they don’t take it from another account and apply it to yours, they just...
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What Negative Interest Rates Mean and What We Should Do
Alright, so Germany has now introduced a zero interest bond. That means, given inflation, people will get back less effective money than they started with. At this point, outside the US, the average...
View ArticleDelusion Regarding the Fall of Neoliberalism and Globalization
So, the article below was published December 8th, 2015. The pull quote is: Neo-liberalism is nearing the end of its cycle. It will kill a lot of people dying, but its death is now ordained and can only...
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