Daily Archives: January 31, 2022


The Antidote to the Wall is the Bridge

The Institute for New Economic Thinking has the article The Antidote to the Wall is the Bridge.

Professor Glenn Hubbard, professor of Finance and Economics at Columbia Business School, talks about his just-released book, “The Wall and the Bridge: Fear and Opportunity in Disruption’s Wake,” and how society and policymakers can help those who are left behind in the wake of today’s competitive world.


My comment to INET and on the YouTube channel was:

Glenn Hubbard is the last person you might want to go to for advice. He has been giving us bad advice for so many years. He tries to shift blame onto neo-liberalism as a Democratic Party program, when in fact if is a weak attempt of the Democrats to get some Republican votes. You give some credit to Milton Friedman who created far more problems than he ever solved. There is no recognition of the deindustrialization of the US economy in favor of financialization. There is little mention of monopolization which is what Adam Smith wanted he free market to be free of. No recognition of the Super Imperialism that the USA has engaged in since WW I. The IMF and World Bank have been destroying economies since just after WW II. The naivete displayed in this interview is so astounding to be beyond belief. In other words, I cannot believe that Glenn Hubbard is being honest with us.


Russia/Ukraine: The Donkey Turd Bomb and US Empire in Europe – How It Began, How It Is Ending

Naked Capitalism has the article Russia/Ukraine: The Donkey Turd Bomb and US Empire in Europe – How It Began, How It Is Ending.

Yves here. Nothing like an unflattering historical reference to frame an update about the state of play between Russia and the US over Ukraine. After all, the US armed services do have a certain fondness for pursuing the sort of ideas a Brit would call unsound way beyond the kicking the tires phase, see for instance, The Men Who Stare at Goats.

This and some previous posts can be traced back to John Helmer. I recognize the limitations of depending on a single source. That does not mean that the single source is not worth listening to.