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The Tragedy of Detroit

…left-leaning Detroit Free Press is on board with a takeover. The alternative would be a Chapter 9 bankruptcy filing. Detroit has probably been bankrupt for a long time, but no…

profits, cash on hand, debt, and aggregate demand

(Chart via Orcam Investment Research) http://pragcap.com/an-alternative-view-on-the-corporate-cash-hoard let me say, however, that I think there’s a very good case that the redistribution of income away from labor to corporate profits is…

Migrant money tops $530bn

…than total global aid budgets, sparking serious debate as to whether migration and the money it generates is a realistic alternative to just doling out aid. If remittances at the…