Has the US government taken over the banks, or the banks taken over the US government? Richard Murphy is an economic justice campaigner. Professor of Accounting, Sheffield University Management School. Chartered accountant. Co-founder of the Green […]
Where there is debt, there are assets. One cannot exist without the other Steve Keen is a Distinguished Research Fellow, Institute for Strategy, Resilience & Security, UCL Cross-posted from Steve’s website Patreon Website The prominent […]
US and EU central banks appear to be stubbornly and dogmatically continuing on a course to stop inflation that is doing more damage than good. Michael Roberts is an Economist in the City of London and […]
The case for public ownership is overwhelming, not only of middle-sized banks like First Republic that get into trouble, but also of the mega banks like JP Morgan Michael Roberts is an Economist in the City […]
One of the changes that the credit crunch brought in was that rules that were previously considered normal were broken. Let me start with what looks like an example of a previous rule. Read HERE
Why have central bankers in continued to hike interest rates, especially when the most direct measure of the situation – the actual inflation rate – has been abating for months in most jurisdictions? Read HERE
You can’t understand debt crises without confronting the power dynamics at play. Martin Guzman is a former Minister of the Economy of Argentina and co-president of Columbia University’s Initiative for Policy Dialogue Interview by Lynn […]
European Central Bank chief Christine Lagarde’s speech to the US Council of Foreign Relations was revealing of the fear among western elites that their global power may be slipping away Michael Roberts is an Economist in […]
We are quietly witnessing the largest shift to austerity undertaken in this century. Debt-strained developing countries are making further cuts to already ragged budgets, in many cases as they battle to meet punishing new conditions demanded by the […]
Economists Radhika Desai and Michael Hudson discuss Russia’s economic transition away from the neoliberal West and integration with what it calls the “World Majority” in the Global South. Michael Hudson is President of The Institute […]
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