rent-seeking

The macro environment right now is disinflationary as many countries struggle with product and labour ‘overcapacity’. The missing element is demand to meet supply. I want to talk about Fed monetary policy and the new Chinese currency regime…

ECB intransigence leaves little alternative to breakup. Europe’s payments-surplus nations are waging financial war against the deficit countries. Without a common union based on mutual support within a mixed economy – one capable of…

Here's a great graph of US income tax rates back to when personal income taxes were started. You can see the marginal rate for personal income has come way down from its 1945 peak. A few months ago, Michael Hudson answered the question,…