Dr. Gerald Epstein is Professor of Economics and founding Co-Director of the Political Economy Research Institute (PERI) at the University of Massachusetts Amherst. Among his many excellent works he and Juan Antonio Montecino calculated the costs to the United States economy of its financial sector across three categories: rents and excess profits; misallocation; and the crisis costs of 2008. Gerald believes that the number he arrives at, an excess cost of $22.3 trillion between 1990 and 2023, is likely to be a modest underestimation because the costs of the financial crisis may be much greater and the numbers do not involve lost tax revenues from various financial innovations.
Economics
Michael Hudson – US coronavirus ‘bailout’ scam is $6 trillion giveaway to Wall Street
Moderate Rebels Facing the Covid-19 pandemic, the US Congress rammed through the CARES Act — which economist Michael Hudson explains is not a “bailout” but a massive, $6 trillion giveaway to Wall Street, banks, large […]
Geopolitics
Noura Erakat, Chris Hedges – Colonial Law and the Erasure of Palestine
Watch HERE 2 February 2024 Time and time again, the human rights attorney Noura Erakat writes, we see evidence of the law’s assumed insignificance in the dispossession of Palestinians. Great Britain remained committed to establishing […]
Economics
Steve Keen: The economics of mental health
Mental health is an issue that impacts a growing number of people, not helped by the COVID 19 lockdown. Divya Dhami, an undergraduate student from the University of British Columbia, says the economy is paying […]
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