Reading The New Industrial State (Galbraith and Galbraith 1967) again, six decades after it was first published, highlighted for me just how far economic theory has retreated from reality since the 1960s. Steve Keen is […]
The 2010 Dodd-Frank Act allows Systemically Important Financial Institutions to bail in or expropriate their creditors’ money in the event of insolvency. You have been warned! Ellen Brown is an attorney, founder of the Public Banking Institute, […]
A new Netflix series dramatises the story of Dave Fishwick, who’s ambition is to take on the City of London and open the first local bank in 150 years. Nicole Omotoye works as a Campaigner […]
Polycrisis is the new cant of well paid academics in the United States. But the Polycrisis of the 99% is the gilded age of the 1% Mathew D. Rose is an Investigative Journalist specialised in […]
They are pushing up interest rates the world over because monetary theory dictates that this is the way to bring down inflation. But not so long ago those same banks were arguing that inflation was […]
Explaining once again why government deficits need not be seen as something negative, but play an essential role in a nation’s economy Steve Keen is a Distinguished Research Fellow, Institute for Strategy, Resilience & Security, […]
Economists Radhika Desai and Michael Hudson explain the relations between money and debt, their role in imperialism, and the rise of the US dollar system. Michael Hudson is President of The Institute for the Study […]
Another look at the interest rate policy of the European Central Bank Read HERE
The economic aspects of the Russian-Ukraine war Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University […]
The ECB’s decision on 2 February to raise interest rates again by 0.5 percentage points and to announce an equally large increase for March will go down in history as a grand misjudgement. Although it […]
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