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Trip’s Substack

Trip Powers

A Cultural Materialist approach to analyzing current events. A Modern Money Theory approach to solving them.

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PricingOnly free issuesPublishesTwice weekly
Issues83Founded2 years agoLast Issue4 days ago
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Latest Issues

Full Employment?

After the Fed raised rates, there are so many articles quoting Warsh that we are at “full employment.” Tell that to the 17.1 million people who are unemployed according to NJFAN’s the Full Count. Or the more than 42 million, according to LI...

4 days ago
1
2

Let the hand wringing about the “debt” commence in earnest. Sigh.

The New York Times had a typical “debt” article today. I wonder if they, in this case Alan Rappeport, ever get tired of talking to the same people, writing the same story, and always being wrong when their predictions of catastrophe never m...

a month ago
5
4

Another review from The Atlantic: The Spanish Exception

A quote from Roge Karma’s excellent piece in The Atlantic: “One lesson from 2008, [Cuerpo] argues, was that boosting the incomes of those at the bottom is the only sustainable way to grow an economy. When the rich get extra money, they tend...

4 months ago
3
2

Review of Annie Lowery’s "The ‘Vibecession’ Is Over. The ‘Permacession’ Is Here." from the Atlantic

Trump claims the economy is the best ever. Biden/Harris seemed confused that people didn’t thank them for the great economy they presided over. Hillary said America was already great and lost. So yeah, Annie, your article makes you sound “s...

4 months ago
1

What China Seems to Know About Money That We Have Forgotten

A few years ago, a student in my Comparative Economics class handed in a thesis that I have been turning over in my mind ever since. Her argument was simple: China, she wrote, runs its economy according to the principles of Modern Monetary...

4 months ago

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  • Trip Powers

    Teacher of Economics, Anthropology and History. Perpetual Optimist. Happiest Angriest person I know.

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