There is no FED magic trick to achieve a soft landing
By Mihai Macovei Economic growth in the United States accelerated to a 2.4 percent annualized rate in the second quarter of 2023, picking up from 2.0 percent in the first quarter, and climbing well above the 1.8 percent rate predicted by economists. Many analysts are surprised that the US economy has continued to
Share buybacks and the parasitism of US capitalism
By Nick Beams The economist William Lazonick is a long-time campaigner against share buybacks by major corporations which he rightly regards as an extreme form of parasitism, financial plundering and a major factor in social inequality. His political perspective is, however, an entirely reformist one. He would like to see increased regulation,