That Pesky First Amendment Scores Again! annieasksyou… I am often critical of the mainstream media, whom I find too insensitive to the fragility of our democracy in their determination to present “both sides” of issues that often don’t have two sides. For example, I’m more than frustrated with much of the coverage of the House Republicans’ willingness to throw our economy over the cliff if Biden doesn’t accept the demands of their most radical,...

Gulf Streams demise= Global wealth Increase

Video and transcript. Ben Norton interviews Michael Hudson for the Geopolitical Economy ReportMichael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismThe Hard Iron Financial FistMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

[unable to retrieve full-text content]BEN NORTON: Hi, everyone. I’m Ben Norton, and this is the Geopolitical Economy Report. Today, I have the pleasure of being joined by Michael Hudson, the brilliant economist and author of many books. Michael is also the co-host of a program here, Geopolitical Economy Hour, that he does every two weeks with friend of the Continue Reading The post The Hard Iron Financial Fist first appeared on Michael Hudson.

Short update.Bond Economics Will The Fed Keep Reacting With A Lag To Lagging Data?Brian Romanchuk

Blind faith leads to irrational beliefs

[embedded content]Short clip of part of an interview. I discussed that in an old paper here, and in another interview here.

Never underestimate the potential for stupidity or self destruction. 

 I'm more and more convinced that the simplest way out of the debt-ceiling morass would be to start issuing perpetual bonds or consols (sometimes dubbed "Peter-Pan" bonds, since they never mature or grow up )which simply offer a fixed payment every year, with no face value. This would seem to be immune to court challenges -- unlike the constitutional gambit or the platinum coin.  The Republicans in the House are manifestly crazy, so there's no hope there.One question is how much bigger the...

April jobs report: deceleration continues, with sharp downward revisions to previous months’ gains  – by New Deal democrat My focus for this report continued to be whether the leading sectors and other indicators continued to decline, and whether the pace of growth continued to decelerate. While the deceleration in growth did occur – and substantially so – the leading sectors were decidedly mixed, with some – notably the unemployment and...