1. It would better for the speculators to stop their futile attempts to profit from pressuring the Bank to raise rates and end its bond-buying program. 2. The Bank will not cede to this pressure, […]
The latest scandals to have hit the EU should come as no surprise. The EU and its institutions are corrupt by design, largely as a result of three fundamental pillars that serve to concentrate power […]
Michael talks about the current global political economy, oil prices, debt jubilees, monetary hegemony, and the US political parties. When asked for solutions, his answers might be troubling to some. It’s worth hearing him out. Listen […]
In a new podcast, every fortnight economies Radhika Desai and Michael Hudson will discuss major developments in the fast-changing world of geopolitical economy. In this first podcast, they introduce the themes they will discuss and […]
Central banks pay interest on commercial banks’ holdings of cash reserves at the central bank. Thus, recent rate increases imply larger interest payments to commercial banks and loss of revenue for national governments. Paul De […]
There was a Financial Times article recently (January 8, 2023) – Monetary independence is overrated, and the euro is riding high – from Martin Sandbu which strained credibility and continues the long tradition of pro-Euro […]
After receiving trillions from governments in the recent economic crises, corporations feel it would be better if they ran the world. Michael Roberts is an Economist in the City of London and a prolific blogger Cross-posted from […]
Last week brought some news which caught my eye. On Thursday Bloomberg told us this. Germany’s housing boom is over as prices for residential properties dropped for the first time in over a decade. Read […]
Why an economic recession is imminent Michael Roberts is an Economist in the City of London and a prolific blogger Cross-posted from Michael Roberts’s Blog Photo: Bijay chaurasia Wikimedia Commons, License CC-BY-SA 4.0 The inflation rate for […]
The ECB asked for 20,000 euros from DiEM25 in legal fees because it dared to demand information that should be available to anyone. This smacks of intimidation. Read Here
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