As both monetary and fiscal policy become increasingly ineffective in the 21st century as means to address recessions and/or restore economic growth, they are simultaneously being transformed instead into tools for subsidizing capital incomes

The Trump budget proposes to pay for the US government’s share of the total debt, by transferring the cost of financing military-defense spending and tax cutting to those households who aren’t investors and business owners

US Neocons are once again back in charge of US foreign policy, driving the US toward yet another war and attempt at regime change of a foreign government

Replying to questions on Trump tax cuts and US growth, current immigration debates, wages, expanding income inequality in the US, on what is the real rate of inflation today, and whether proposals for universal guaranteed income and more

The US elite know the next recession, coming soon, will significantly exacerbate the economic problems at home, while intensifying the political instability abroad. And they are preparing–at home and abroad

Capitalists are driven by a mindless herd mentality once they’ve made money. They believe they can continue doing so forever

Global oil prices cannot be understood apart from understanding what’s happening with other financial asset markets and prices

Part II of the analysis of Trump’s Déjà vu China-US trade ‘war’ from last March 2018 through mid-January 2019

The last decade, 2008-18, is eerily similar to the periods 1921-1929 and 1996-2007

Trade policy under Trump in 2018 is compared with similar US trade offensives under Nixon in the 1970s, targeting Europe, and Reagan in the 1980s targeting Japan