What is missing from the debates over monetary policy today is the understanding that the Fed was not established to control inflation. It was created to prevent financial crises by acting as a lender of […]
This is a crisis of the Central Bankers making. To fix it, they must radically shift policy. Richard Murphy is an economic justice campaigner. Professor of Accounting, Sheffield University Management School. Chartered accountant. Co-founder of the […]
An historical review of Federal Reserve Policy since WWII Read HERE
The collapse of Silicon Valley Bank last week can be put down to two things – first a management team that clearly ignored the falling value of the assets they held, and second the fact […]
RADHIKA DESAI: Hi everyone. Welcome to the fifth Geopolitical Economy Hour, the fortnightly show about the political and geopolitical economy of our times. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: So […]
The US government bailout (which it isn’t calling a bailout), the role of the Federal Reserve and Treasury, the factor of cryptocurrency, and the danger of derivatives. Michael Hudson is President of The Institute for the […]
A look at today’s 0.5% interest increase by the ECB and its consequences Read HERE
With echoes of 2008, the collapse and bailout of Silicon Valley Bank shows little has changed for reckless financial actors. Exactly how long will we allow this to continue? Les Leopold is the director of […]
Every systemic banking crisis has a trigger that sets it off. In the case of SVB, the reason for its bankruptcy is twofold. Yanis Varoufakis is a former Finance Minister of Greece, Professor of Economics […]
Letting big banks go to the wall is not on the agenda of states today, but saving them prevents the ‘creative destruction’ capitalism needs to renew itself. Michael Roberts is an Economist in the City of […]
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