The Plutonomy—AI Edition—and the Coming Crisis
Driven by speculative finance, stagnant wages, and AI hype, today’s tech-heavy economy mirrors the fragile plutonomy that collapsed into the Great Crash of 1929.
3 articles
Asking the Right Questions about the Robinhood/GameStop Meme-Stock Mania
By John Summa Reposted from the author's blog, Dead End Economics. In The Great Crash: 1929, John Kenneth
The Lure of "Democratizing" Finance
Wall Street's latest gimmick hooks a young, desperate, and gullible crowd.
Libor Rigging Redux: Was there a third dimension to the Libor scandal?
Economics textbooks teach you that the London Interbank Offered Rate (known by the acronym "Libor") is the rate