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.
zero lower bound
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Why Negative Interest Rate Policy (NIRP) Is Ineffective and Dangerous
By Thomas Palley NIRP is quickly becoming a consensus policy within the economics establishment. This paper argues that consensus is