…for consumers who won’t have the purchasing power to buy them when the dust settles. None of this would be any news to Maynard Keynes, Michal Kalecki, Hyman Minsky, or Kenneth Galbraith. With the…
The Fed’s Target Is Workers, Project Syndicate, James K. Galbraith, January 2022 A year and a half later and the Fed is still trying to slay the dragon. They stab…
…on, great minds like Marx, Keynes, Galbraith, et al would give ‘how to deal with it’ their best shot. Since, say, 1970, we have been in the at least as…
As John Kenneth Galbraith famously observed: “The modern conservative is engaged in one of man’s oldest exercises in moral philosophy; that is, the search for a superior moral justification for…
…new and different as the times themselves. What Smith, Locke, Marx, Keynes, Galbraith et al proffered only applied to a specific time. None of their ideas are of much use…
…model in any fundamental way. The Street neutered the Dodd-Frank act that was supposed to stop the gambling. JPMorgan, headed by one of Weill’s protégés, Jamie Dimon, just lost $5.8…
…that all nine Board members are in the 1%. Readers, what do you think? Will Jamie Dimon resign from the New York Fed? Take our poll and let us know….
…questions and answers regarding JP Morgan and Jamie Dimon from the wonky economic policy and regulatory angle: EK: That gets us to the Volcker rule, which is what would keep…
…one prominent securities lawyer told her “he knows investors who he said if Jamie Dimon came into somebody’s house and killed the children of these people, he said they would…
…only slightly lower than Michigan’s” should be a great campaign slogan.* *And that’s ignoring that the second-largest contributor to that gain is Finance and Insurance. Rick Perry probably gives Jamie…