Bloomberg: The World’s Protesters Want to Soak the Rich, But That’s Not All

The IMF has imposed significant surcharges on countries that have had to undertake large borrowings and are unable to pay their debts back quickly. These surcharges are pro-cyclical financial penalties imposed on countries precisely at […]

The pursuit of infinite economic growth is driving climate breakdown and producing ecologically toxic architecture, argues Phineas Harper, one of the chief curators of the Oslo Architecture Triennale. Read here

MMT is about the way the world actually works. It explains why big deficits do not drive up interest rates or “crowd out” private investment, and why big governments in big countries don’t go bankrupt. […]