America's Last Conservative, Paul Craig Roberts, explains "Why Michael Hudson is the World's Best Economist." (That would make Mr. Roberts second-best, though he says early that Mr. Hudson might be "the only economist in the world.") Anyway, I can second Mr. Roberts's claim, having spent many hours with Mr. Hudson's 2012 book The Bubble and Beyond; I'll move on to last year's Killing the Host (i.e., the financial sector as one giant parasite on the economy) soon. Mr. Roberts's column serves as an admirable introduction to Mr. Hudson's thought. And always remember there's another term for "countries...servic(ing) huge debts simply by lowering domestic wages in order to pay creditors" -- income redistribution.
And now we learn that Michigan state environmental officials ignored scientists' warnings about Flint's water quality, with the state's highest environmental official admitting that his office was "combative and dismissive" toward scientists' warnings. The EPA certainly deserves blame, too, for failing to air their concerns to Michigan in a timely manner, but let's not forget how this all really started: with a financial crisis leading to a government installing unelected "emergency managers" and giving them broad powers to override democratic processes in order to "save money." That's the kind of bold thinking George W. Bush was always known for, you know.
Retail analysts inform us that Amazon's shipping service isn't as good as it used to be for its non-Prime customers. You'd think Amazon would ensure its service is just as good even to those who aren't in their special club, because the best service would entice more folks to join that special club for other reasons (like streaming!) -- but Amazon doesn't have to do that, because Amazon is a damn monopoly. This is, by the way, the kind of thing that would happen on the internet all the time without strong net neutrality regulations.
On the eve of Super Bowl 50, Lindsay Gibbs discusses the strange (i.e,, racist) attitude the "liberal" media has toward Panthers QB Cam Newton, while also treating us to a lengthy history of the first black starting QB in pro football history, former Broncos QB Marlin "the Magician" Briscoe. The "liberal" media hates on Cam Newton for all the reasons the article gives, plus one more: he doesn't apologize for the fact that he can run the crap out of the ball if the situation calls for it. I always felt a little heartsick when I heard Donovan McNabb disrespect his own running ability, and I feel a little heartsick when I read about former Bills QB James Harris hiding his foot speed from his coaches out of fear they'd move him to another position.
Finally, you'll be heartened to learn that Paul Ryan has warned other Republicans that "we can’t fall into the progressives’ trap of acting like angry reactionaries." No truth to the rumor he then said, "we have to be pleasant reactionaries," though that is basically the Republican plan. Always suspect a guy who talks about "ideas" all the time -- particularly if all his ideas are bad.