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Tag Archives: federal reserve
Financial Feudalism
The Wall Street Crash of 2008, the bailout, and the Fed’s Quantitative Easing (QE) intensified inequality in America. And now they’re getting the band back together. Behind all the focus on the human toll of the pandemic there are quiet … Continue reading
Posted in feral elite, neofeudalism
Tagged bailout, Coronavirus, federal reserve, feral elite, financialization, Michael Hudson, neo-feudalism, Wall Street
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Rotten Arrangements
The Coronavirus pandemic is calling into question all of the rotten arrangements that have brought us to this point in American history. Indeed, the virus is remorselessly exposing every weakness in the political and economic ideologies it touches. Especially the ideology … Continue reading
Because Markets
Once again, there was a mass-shooting in America. This time in Las Vegas, where a 64 year old man sprayed bullets down onto concert-goers, killing 58 people and wounding 489. The statistics paint a horrible picture of gun violence in … Continue reading
Posted in neofeudalism, neoliberals
Tagged 2nd Amendment, Ayn Rand, because markets, Constitution, creating and nurturing community is a revolutionary act, federal reserve, Going Postal, gun violence, hyper-individualism, inequality, Lambert, Las Vegas shooting, Mark Ames, Naked Capitalism, neo-feudalism, neoliberalism, NRA, Ronald Reagan, Shay's Rebellion, society, The Freedom of an Armed Society, wall street crash
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Evil Is Easy (Part 2)
Wall Street, the too-big-to-fail-banks, and the financial industry control our lives for the worse. How did this come to pass? From the New Deal up until the 80’s finance was heavily regulated, staid, boring even. Finance was also a … Continue reading
Planned economy
The election of Donald Trump has caused an outpouring of grief and many commentators are convinced that the end of the world is nigh. However, Trump didn’t get us to this place, he was just a savvy opportunist who … Continue reading
Posted in neoconservatives, neoliberals
Tagged Allen Greenspan, Bernie Sanders, Chicago Boys, classic economics, deep state, DNC, Donald Trump, economic planning, federal reserve, financialization, Hillary Clinton, Janet Yellen, Michael Hudson, neoliberals, planned economy, shareholder value, socialism, University of Chicago, Wall Street
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It’s the Political Economy Stupid
Wall Street bankers crashed our economy three years ago, and their “too big to fail banks” received trillions, courtesy of the Federal Reserve. Now they and their political allies are clamoring to cut social programs like Social Security, Medicaid and Medicare, … Continue reading
