This is the recorded talk I gave to Positive Money Italy (http://monetapositiva.blogspot.com/) on November 23rd 2018. I explain that excessive private credit caused the relative boom in Italy before the crisis, and the collapse in credit during the Eurozone-imposed period of austerity is the main reason that economic growth in Italy has stagnated.
Economics
Macro N Cheese – Ndongo Samba Sylla: Africa’s Quest for Economic Liberation
Ndongo Samba Sylla tells us of the challenges facing Africa through the story of Thomas Sankara and breaks down what Sankara meant when he told the people to “live as African.” Ndongo suggests that the […]
Economics
Pileus – An MMT interlude
The essential insight of Modern Monetary Theory (or “MMT”) is that sovereign, currency-issuing countries are only constrained by real limits. They are not constrained, and cannot be constrained, by purely financial limits because, as issuers […]
Geopolitics
John Mearsheimer, Judge Napolitano – A Brief History of Israel
7 August 2025
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