Michael Hudson – Global Financial Empire: Finance Capitalism vs Industrial Capitalism

How could the BRIC nations create a financial instrument to replace the dollar in international trade? Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial […]

Savers hate low interest rates. The rest of the economy cannot survive with anything else. This is why I think low interest rates are here to stay.

James Galbraith discusses the unintended effects of Western sanctions on Russia, arguing that they have, in many respects, benefited the Russian economy in the long term. Contrary to the goals of defunding the war and […]