January/February 2011

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.

Beyond Keynesianism

By James M. Cypher

Irving Fisher’s Depression-era debt-deflation theory, then and now. Read more »
Still Banking on Fraud

By William K. Black

The Dodd-Frank banking reform and other responses to the financial crisis fail to address the “control fraud” that caused the crisis. Read more »
Unemployment: A Jobs Deficit or a Skills Deficit?

By John Miller and Jeannette Wicks-Lim

Politicians, journalists, and economists are trying to reframe a severe jobs crunch as a problem of workers’ inadequate skills. Read more »
Why Do They Oppose More Stimulus?

By Arthur Macewan

Dear Dr. Dollar: Why are conservatives, especially wealthy conservatives, against stimulating the economy through deficit spending? Don’t businesses’ profits and the incomes of the wealthy depend on economic growth? Read more »