Michael Pettis – How Does Excessive Debt Hurt an Economy?
How high debt levels can force an economy to bear financial distress costs Read Here Photo: Jesper Rautell Balle licensed under the Creative Commons Attribution 3.0 Unported
How high debt levels can force an economy to bear financial distress costs Read Here Photo: Jesper Rautell Balle licensed under the Creative Commons Attribution 3.0 Unported
The IMF has imposed significant surcharges on countries that have had to undertake large borrowings and are unable to pay their debts back quickly. These surcharges are pro-cyclical financial penalties imposed on countries precisely at […]
Public debt is probably one of the most discussed and least understood aspects of economics Lars P. Syll is an economist at the Faculty of Education and Society at Malmö, Sweden, not to mention a […]
James K. Galbraith discusses the shift of US capitalism from an industrial state to what he calls a predator state: a finance-led, military-centered corporate republic that continues to prevail. To overcome it, he lays out […]
A handful of prominent male economists, including former Treasury Secretary Larry Summers, are freaking out — mostly on Twitter — about a weekend New York Times profile of economist Stephanie Kelton, known for her work […]
Things are not looking good for the world economy. Michael Roberts is an Economist in the City of London and a prolific blogger Cross-posted from Michael’s Blog Photo: Tony Hisgett licensed under the Creative Commons […]
Today’s right-wingers are hoping to solve the inflation crisis like they did in the 1970s: through hiking interest rates and suppressing wages. That’s how economists wage class war. Read Here
IWGB couriers question mayor of Hackney’s argument that there was no link between an immigration raid targeting couriers in East London and the couriers’ protest for a safe waiting area which took place just two […]
Bill Mitchell examines the policies of the Bank of England Governor Andrew Bailey Read Here
This is a long, but highly interesting piece explaining central bank policy in raising interest rates. Richard Murphy is an economic justice campaigner. Professor of Accounting, Sheffield University Management School. Chartered accountant. Co-founder of the […]
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