We have posted a number of technical pieces refuting neo-classical economics. In the past two days we had two articles cross-posted from Progressive Pulse here and here which demonstrate this is practice. Both were in favour of […]
Ín 2014 Portugal’s Central Bank bailed out the Banco Espírito Santo, S.A with 4.4 Billion Euros. Banco Espírito Santo, was, as so often the case when banks are “saved”, split into a bad bank with all […]
For some reason there still seems to be a discussion about if the wealthy have inordinately profitted from quantative easing (QE). Postive Money comes to the usual answer: unequivocally yes, Robin Hood in reverse as […]
There is so much white noise in the media concerning Brexit, almost all of it by people who have no idea of what is really going on behind the scenes. David Shirreff tries to make […]
Two non-economists explain the creation of money and what becomes of it. It is a strightforward piece for those who get bogged down by technical economic terms. They also explain why a government debt is not […]
Murphy believes there could well have been a sea change at the IMF and World Bank. It is however one thing to produce analyses and papers making the right noises, and the IMF arguing that […]
Book review by Mathew D. Rose In 2011 Guy Standing wrote a book titled “The Precariat – The New Dangerous Class”, which showed great prescience. By the second paragraph he had already predicted what would […]
Using Colin Crouch’s new book “Can Neoliberalism Be Saved From Itself” as a starting point, Wren-Lewis re-examines his own definition of neo-liberalism. He comes to the conclusion that neo-liberalism is the misuse of the ideal […]
A prime minister, a banker, the heads of the top telecom company, construction moguls, assorted friends and family. Portugal’s biggest corruption case ever is a veritable who’s who of the nation’s political and business elite. […]
GDP has become a fetish. This obsession with major GDP growth makes reducing CO² impossible. The other downside is that GDP growth mainly ends up enriching the 1 %. The solution lies in re-distribution. There […]
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