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.
EU politics
Renegade Inc – Assange: Let’s Shoot The Messenger
Regardless of what you think about Julian Assange, is it right that anyone is tortured in a British prison? Journalist, Taylor Hudak, Professor of Biomedical Informatics, William Hogan and Professor of Psychiatry, Thomas Schulze, met […]
Economics
Wolfgang Streeck – Ukraine War: Europe Shackles Itself to America’s Reckless Foreign Policy
Two months into the war on Ukraine, why have Europeans allowed the US, which is of course not part of Europe, to dictate reckless policies against Russia over what are purely European issues? Is this […]
Geopolitics
Norm Finkelstein – Why I won’t condemn Hamas
The foremost scholar on the Israel-Palestine conflict returns to Bad Faith podcast to weigh in on why he refuses to condemn Hamas despite acknowledging the atrocities of October 7th, and update the pod on the […]
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