In serving the financial sector, the Fed painted itself into a corner: What would happen when interest rates finally rose? We are seeing the answer. Michael Hudson is President of The Institute for the Study […]
The rapidly rising interest rates are not only hitting jobs and the property markets, but apparently also banks. Michael Roberts is an Economist in the City of London and a prolific blogger Cross-posted from Michael Roberts’ blog […]
As a consequence of the European Central Bank (ECB) raising its interest rates, banks in the euro area will earn €70 billion in unearned windfall profits. Cross-posted from Positive Money Europe There is a huge […]
For five years, the world’s largest cryptocurrency exchange Binance served as a conduit for the laundering of at least $2.35 billion in illicit funds, a Reuters investigation has found. Read HERE
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, […]
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