Economics
Bill Mitchell: The coronavirus crisis – a particular type of shock – Part 1
Considerations that governments need to take into account when dealing with the economic damage that will result from the coronavirus crisis. Read here
Financial Institutions
Austerity
Marshall Auerback: Coronavirus Reveals the Cracks in Globalisation
We are continuing our series of analyses concerning the R Coronavirus and its social and economic effects. The virus has starkly exposed the dangers of offshoring all production; we have a whole series of shortages […]
Economics
Ashoka Mody: Italy will need a precautionary bailout — a ‘financial firewall’ — as coronavirus pushes it to the brink
Italy’s crisis could soon become unmanageable, potentially causing mayhem in world financial markets Read here
Corruption
FMT News: Germany’s Deutsche Bank cleared Cyprus money for Jho Low, says report
Is Germany’s Deutsche Bank still capable of doing legal business or just with criminals? Read here
Economics
Renegade Inc. – Covid-19: Making markets scream!
The coronavirus has shut down factories and air travel globally. It’s shown us how brittle the world’s supply chains really are. But is it also being used to camouflage a decade of central bankers’ monetary […]
Economics
Makro & Cheese – L. Randall Wray: OK, Boomer. Great Again Isn’t Good Enough
Randy states the only reason the policies proposed by Bernie Sanders seem so far outside the mainstream is because the mainstream has become so regressive. The ideas aren’t radical — the Democratic Party is conservative. […]
Economics
Steve Keen – A Modern Jubilee as a Cure to the Financial Ills of the Coronavirus
We might well be approaching a financial and economic crisis comparable to the Great Financial Crisis of 2007. Thus it is important to develop an alternative to saving the old, destructive neo-liberal system as happened […]
Economics
Michael Roberts – Disease, Debt and Depression
We have posted three excellent articles today concerning what central banks and governments are doing, or should be doing, in the turbulences resulting from the Coronavirus. Michael Roberts is an Economist in the City of […]
Economics
Juan Laborda – The Coronavirus and the Money Junkies
We might well be approaching a financial and economic crisis comparable to the Great Financial Crisis of 2007. Thus it is important to develop an alternative to saving the old, destructive neo-liberal system as happened […]
Austerity
Yanis Varoufakis – Oligarchy and Xenophobia: The only Beneficiaries of Greece’s Economic ‘Recovery’
Spring is already in the air across Greece. Even in the bleakest of times, nature’s renaissance renders hope irrepressible. But this one is proving a cruel spring for a people caught up in a decade-old […]