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Economy

Bitcoin Does Not Protect Against Fraud

June 20, 2018

There is a common misconception that the cryptocurrency Bitcoin is safe and secure and will protect those who trade in it from fraud. However, as white collar criminologist Bill Black explains, Bitcoin is just as susceptible to fraud as any other type of transaction and complacency makes the likelihood of fraud only greater

Economic Update: Standing Up

June 18, 2018

This week: Updates on China’s growing life expectancy; Ireland’s vote on abortion; the reality of unemployment in the U.S.; why Amazon offers a “quitting” bonus; Johnson and Johnson putting profits before public health; die-ins at Publix succeed; Macron gets union backlash; Poor People’s Campaign exposes US poverty; Canada joins the race to the bottom; and…

Trump’s Trade Wars: An Opportunity to Refashion the Intellectual Property Regime?

June 15, 2018

One of the main arguments for imposing tariffs on China is that China is undermining the intellectual property of US companies. China can now either retaliate against US tariffs or take this opportunity to help redesign the international intellectual property system, says CEPR’s Dean Baker

Economic Update: An Unsustainable System

June 11, 2018

This week: the decline of U.S. cities and the potential of “private cities”; the ever-growing freelancers’ economy; why the U.S. Supreme Court decided to legalize sports betting now; Fiat-Chrysler & Porsche added to the emissions cheating scandal; the new federal jobs guarantee; a Catholic University attacks the concept of tenure; Interview with Chris Hedges on…

Medicare’s Demise is Not Imminent, But Health Care Costs are Rising Unsustainably

June 6, 2018

The trustees of the Medicare and Social Security trust funds released their annual report and the news was not good because shortfalls will come in eight years. However, it can be fixed because the main problem is uncontrolled healthcare cost increases, says CEPR’s Dean Baker

Should Banks Be Stripped Of Their Ability To Create Money? A Referendum in Switzerland

June 6, 2018
There is no easy monetary fix for the problems of modern capitalist economies says Jo Michell who argues that deep problems in the economy cannot be solved by trying to control the money supply while nothing is stopping the government from ensuring money gets created for good purposes, including government services and infrastructure

Economic Update: Capitalism Makes Few Winners Many Losers

June 5, 2018

This week: Updates on Armenia’s Political Spring; banks big profits; Harley-Davidson fires hundreds; unjust criminal penalties; US households’ financial distress; Germany banning diesels; US drug companies put profits above health again; and the huge wealth increase among world’s 2,754 billionaires. Special guest: Roderick Prude (union worker) and Dyln Namm (student) on successful student-worker alliance at…

Deutsche Bank is Failing, Bail Out Inevitable

Deutsche Bank is Failing, Bail Out Inevitable

May 31, 2018

At €10 a share Deutsche Bank is a delayed victim of the investment banking sector says Dr. Paul Steinhardt, co-editor of Makroskop

Congress Passes 'Bank Lobbyists Bill' - An Unnecessary Giveaway to Banks

Congress Passes ‘Bank Lobbyists Bill’ – An Unnecessary Giveaway to Banks

May 23, 2018

The bill, which now heads to Trump for his signature, rolls back major provisions of the Dodd-Frank financial regulations of 2010, allowing banks to engage in riskier investment strategies and to hide discriminatory practices, says CEPR’s Dean Baker