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.
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Gulf Coast Trip - January 22-29, 2006
This town has stood up in the face of things Lots worse than a ninety mile wind It's
Dear Dr. Dollar:
Can you explain how poverty is defined in government statistics? Is this a realistic definition? —Susan Balok, Savannah, Ga.
<a href="https://dollarsandsense.org/archives/2006/0106woolmanmcbride.pdf">Medicare D gets an F</a>
https://dollarsandsense.org/archives/2006/0106woolmanmcbride.pdf
The Political Economy of the Prison Crisis
The huge expansion of the criminal justice system in the United States over the past thirty years has replaced social welfare programs with mass incarceration.
Bernanke's Dilemma
Alan Greenspan popped the late-1990s stock market bubble and threw the economy into recession. Will the new Fed chief do the same with the housing bubble?
Will the WTO Strike Out in Hong Kong?
The December meeting could be a repeat of Seattle and Cancun--or the rich countries may have some new tricks up their sleeves.