June 28, 2023
Is ‘Bidenomics’ Even a Thing, Really?
The White House is saying that President Biden’s speech today in Chicago will be on the subject of “Bidenomics.” The choice to use that term is a meaningful one, according to the Financial Times: Biden’s move reflects growing confidence inside the White House that he can gain more political credit for his sweeping economic legislation, which has pumped…
June 15, 2023
Instead of ‘Late Capitalism,’ Maybe the US Economy Is Still in ‘Early Capitalism’
So how is the twilight of capitalism working out for you? What, you didn’t realize that you were living through “late capitalism”? Before I go on, let me first explain that term. The phrase dates back to the early 20th century — yup, we’ve apparently been in LC for a long time — when Werner…