Economics
Steve Keen – It’s not a debt, it’s a gift
The sale of bonds to banks is a gift to banks. The Government pays the banks an income stream which it could easily avoid by having the Central Bank buy all the bonds issued by […]
Financial Institutions
Economics
Brendan Ballou – Private Equity is Out of Control and Looting America
The dangers of a trillion-dollar industry that hardly anyone understands Brendan Ballou is a federal prosecutor and served as Special Counsel for Private Equity in the Justice Department’s Antitrust Division Interview by Lynn Parramore Cross-posted […]
Economics
Richard Murphy – The banking system is just a charade as the failure of First Republic in the US proves
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 […]
Economics
Steve Keen – It’s not a deficit, it’s a fiat
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 […]
Economics
Michael Roberts – Rates up, economy down
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 […]
Economics
Michael Roberts – First Republic: The Case for Public Ownership
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 […]
Economics
Shaun Richards – Why do we have a banking crisis in what should be plain sailing for banks?
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
Economics
Bill Mitchell: The inflation backtracking from the central bankers and others is gathering pace
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
Economics
Martin Guzman – Another Debt Crisis in the Global South
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 […]
Economics
Michael Roberts – A multipolar world and the dollar
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 […]