People on the left and the right view Marx and Friedman as true icons of their causes. The two men are rarely mentioned for their similarities.
We are no fans of neo-liberalism. But look who is now suddenly disavowing it.
Economic shame haunts hard-working Americans. They ask themselves why they can’t do as well as their parents.
As long as the Wall Street triumphalists’ unreflected “why worry?” thinking remains the norm, the urgently needed pursuit of a U.S. economic reform agenda will go nowhere.
The COVID 19 pandemic is highlighting U.S. shareholder capitalism’s gross inequities.
The day when Fed Chairman Jerome Powell rode in to rescue financial markets to prevent their complete freezing up could have entered our history books as another global mega-crash.
Is it possible that U.S. society is more divided today than it used to be at the height of the anti-Vietnam war protests in the late 1960s?
In every culture, low interest rates impact the fabric of society and mindsets in distinct ways. Each country thus develops its unique manifestation of nihilism.
Interest rates are the mechanism by which risk links the world of economics and society.