The US needs to attract foreign currency to maintain the Dollar’s hegemonic position: what better way than via cryptocurrency? Michael Hudson is an American economist, a professor of economics at the University of Missouri–Kansas City, […]
Financial crises are not complicated, and many claim to know why they happen and how to prevent them. Why then do they happen with such alarming frequency? Jon Danielsson is Director, Systemic Risk Centre, at […]
There’s reason to believe that the combination of high levels of public and private indebtedness combined with high interest rates could lead to financial trouble in the not-too-distant future. In Ann Pettifor’s Substack. Read the […]
Offshore banking and tax-avoidance centers are nothing new; they’ve been with us for millennia. Michael Hudson is an American economist, a professor of economics at the University of Missouri–Kansas City, and a researcher at the […]
Grace Blakeley is a media star of the radical left-wing of the British labour movement. She is a columnist for the left-wing journal, Tribune, and a regular panellist on political debates in broadcasting – often […]
TARGET2 imbalances seem to be an endless source of controversy. At the beginning of the last decade, Hans Werner Sinn claimed that T2 imbalances served to fund current account deficits forgetting the responsibility of German […]
Financial flows from global south to global north are a major source of imperialist power. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog Back in 2021, […]
Predetermined profit margins and prices hidden in the back end of a transaction are really just market failures. Read HERE Photo: Scheinwerfermann/Public Domain
The IMF is making it starkly clear that the capitalist mode of production is failing to deliver on increased productivity, essential to meet the social needs of 8bn humans. Michael Roberts is an Economist in the […]
The European Central Bank is not happy about above-inflation wage rises. Presumably they would prefer European workers to lose purchasing power permanently. Jordi Schröder Bosch is a researcher at Positive Money Europe. Cross-posted from Positive […]
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