Why do poor people make so many bad decisions? It’s a harsh question, but look at the data: poor people borrow more, save less, smoke … The easy way to eradicate povertyRead more
Economics
Posted inEconomics / ToMl
How rich people get money
‘J is for Junk Economics’ Trump’s plan to lower taxes. He has said that he would reduce corporate taxes from 35% to 15%. The 35% … How rich people get moneyRead more
Posted inEconomics / ToMl
That’s why he got wealthy, and the rest of New Yorkers didn’t
‘J is for Junk Economics’ Michael Hudson talking: everybody is in favor of infrastructure, and if you look, since the very beginning of civilization, with … That’s why he got wealthy, and the rest of New Yorkers didn’tRead more
Posted inEconomics / ToMl
No body thought that people would have to pay for their own retirement
Michael Hudson talking: The mythology is to try to convince people that after all, if they’re the beneficiaries of social security, it should be pre-funded. … No body thought that people would have to pay for their own retirementRead more
Posted inEconomics / ToMl
Well crafted euphemisms to conceal how the economy works
‘J is for Junk Economics’ Michael Hudson talking: I originally wrote it as an appendix to a book to have been called, “The Fictitious Economy,” … Well crafted euphemisms to conceal how the economy worksRead more
Posted inEconomics / ToMl
Governments doe not act like a family
‘J is for Junk Economics’ Michael Hudson talking: The popular press acts as if somehow the government balance sheet, the governments act like a family. … Governments doe not act like a familyRead more
Posted inEconomics / ToMl / USA Empire
How 90% of American Households Lost $17,000
How 90% of American Households Lost an Average of $17,000 in Wealth to the Plutocrats in 2016 America has always been great for the richest … How 90% of American Households Lost $17,000Read more
Posted inEconomics / Politics / ToMl
The Fictions of Fictitious Capital
As published in Critique, based on a presentation given at the China Academy of Sciences, School of Marxist Studies in Beijing in November 2009, and … The Fictions of Fictitious CapitalRead more
Posted inCorruption / Economics / ToMl
Why Bribery Is Not A Just Developing World Problem
The Swiss subsidiary of German printing press manufacturer Koenig & Bauer has been fined for contravening Swiss corruption laws. The company faced a penalty of … Why Bribery Is Not A Just Developing World ProblemRead more