The Spanish banks were generously bailed out following the Global Financial Crisis. Why not do it again? Juan Laborda teaches Financial Economics at the University of Carlos III and Money and Banking, Syracuse University (Madrid) […]
Steve Keen and Michael Hudson have both been arguing for a debt jubilee for some time. Now, as COVID-19 hits the poorest hardest, and leaves those with money better off than before, is this the […]
Providing credit is a risk. Why is it not treated so? Financial institutions that have speculated while lending simply lose their money like everyone else. Michael Roberts is an Economist in the City of London […]
It is becoming increasingly clear that what were condescendingly termed the PIIGS (Portugal, Italy, Ireland, Greece, Spain) have learnt from the 2010 crisis where the true SWINES in Europe are. Carlo Clericetti is an Italian […]
The German government is not sweeping the dirt under the carpet, it is shovelling it, especially SPD finance minister and chancellor candidate Olaf Scholz. Read here
It is tempting for reformers to adopt the language of national security in pursuit of policies that would help protect the interests of popular constituencies. But we should be wary that we don’t operate in […]
The IMF may talk the talk, but it has never walked the walk Carlo Clericetti is an Italian journalist. In the past he has directed “Affari & Finanza”, a weekly supplement published by “La Repubblica”, […]
While even many progressive economists were effusive about the advances being made in IMF policy the same neo-liberal destruction continues in practice. Read here
Emma Clancy’s talk in our series “Economics beyond the Swabian hausfrau”. If you wish to know what is really occurring in the EU, Emma is one of the experts. We would like to thank the […]
Michael delves into the history of debt and its role in our ever-changing economic structure. He references classical economists like Smith, Mills, Ricardo, and Marx, with their concept of economic rent as unearned income. They […]
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