Continuing in the Il Sole series on Italy and the Euro, Alberto Bagnai writes that the euro is a “big defeat for the economics profession” here in English, here in [ … ]
Why We’re Fragmenting: The Status Quo Is Disintegrating
The system is disintegrating, and slapping a “reformist” coat of paint over the dryrot cannot renew the structural timbers that have rotted to their very core. I confess to being [ … ]
857 Channels (and Nothing On)
From the time the Federal Communications Commission was created in 1934, through the 1970s, the US government largely acted to preserve media diversity and prevent media consolidation, putting in place [ … ]
State of Denial: The Economy No Longer Works As It Did in the Past
There’s no Plan B for a state-corporate form of central-planning capitalism that is no longer functioning. If there is one reality that is denied or obscured by the Status Quo, [ … ]
Mao and the Middle Class: What’s the Source of Political Power?
Force is not the same as power. If force fails to persuade, power evaporates. The decline of middle class wealth and income is not just an economic trend–it translates directly [ … ]
Higher Education Racket
Student loan lenders are skimming tens of billions in profits guaranteed by the taxpayers. “Legal” rackets have two essential components: a public-relations “cover” that obscures the racket and the mechanism [ … ]
Is US Manufacturing Really Great Again?
One chart, more than any other, has influenced people’s beliefs about the US manufacturing sector, as can be see by this debate here, and here (the latter a link to the [ … ]
Fintech and Shadow Banks
“Fintech, Regulatory Arbitrage, and the Rise of Shadow Banks” is an interesting new paper by Greg Buchak, Gregor Matvos, Tomasz Piskorski, and Amit Seru 1. Shadow banks and fintech have [ … ]
Waiting list for hell. I’ve got some sins to add…
WiFi bagel munchersHotel short sheetersLoosy goose dancersAmericas got talent watching weirdosYappy dog ownersGift card giversChristmas present stashed in closet stuffersMarijuana seed smokersThose who are down with O.P.P Wrong Size ShopliftersThose [ … ]
Fiscalization v Political and History
This post is not about our recent election, nor the last or the one before that, and before that, and before that and so on. And it is not about [ … ]