Just added to my radio archive (click on date for link): February 24, 2022 Christopher Leonard, author of The Lords of Easy Money, on the damage done by over a decade of hyper-easy monetary po...
Paul Adolph Volcker is dead at the age of 92. (Most accounts of the man suppress the middle name, though it was often pointed out with bitter glee by builders and others who were undone by his hi...
Stock markets have stabilized, at least for now, after a few days of what the press likes to call “turmoil.” What does it all mean? There’s no doubt that stocks have been due for a comeuppa...
Stock markets have been swooning, in no small part because last Friday’s U.S. employment report showed that average hourly earnings (AHE)—the average wage, excluding benefits, received by pri...
https://lbo-news.com/2018/02/05/bosses-getting-raises-working-stiffs-not/
I’ve been very delinquent at updating my radio archive. It’s now all up to date. Freshly added: June 11, 2015 Adolph Reed on the state of the left • Sungur Savran, editor of Red Med, on...
Last fall, there was a lot of buzz about moving money out of banks and into credit unions. Grand claims were made about results. I had my doubts—politically (see here) and financially (see he...
https://lbo-news.com/2012/03/10/credit-union-switch-fizzles/
Mike Konczal assembles some striking quotes from Federal Reserve transcripts showing how obsessed the monetary overlords are with keeping wages down. I won’t recycle any of the quotes—check...
https://lbo-news.com/2011/12/13/the-fed-and-the-class-struggle/
The Federal Reserve is just out with its latest economic projections. Since the last edition in June, they’ve turned gloomier for the short, medium, and long term. They see growth as slower, an...
This is the section on the Federal Reserve from my book Wall Street: How It Works and for Whom (Verso, 1997). The complete text can be downloaded here. It’s a little out of date—the Fed is ...
https://lbo-news.com/2011/10/15/on-the-fed-from-my-book-wall-street/
Rethinking OWS Turning to larger issues, not only does Occupy Wall Street continue, it’s grown in numbers and prominence—several major unions marched in solidarity earlier this week in Lower...