Wrong! It is not only governments that create money. Financial institutions such as banks do too. Who controls the economy and how? Here some answers to the questions. Lino Zeddies is an economist Cross-posted from […]
Since the 2008 crisis, HSBC has been involved in countless scandals: Money laundering for drug cartels, corruption, tax fraud… And yet the international bank escapes justice with insignificant fines. Why are they “too big to […]
This piece is about one of the biggest taboos of our times: We are living in an inverse welfare state. The people getting the biggest handouts are not down around the bottom, but at the […]
Is a neoliberal dream being reborn in Latin America? It’s not got off to the best of starts… Nick Dearden is director of Global Justice Now. Cross-posted from openDemocracyUK ‘Latin America returns to the […]
If you can’t beat them (not in the literal sense as was the case at the G-20 in Germany recently), then forbid them Read here
What is ECB President Mario Draghi doing in the Group of Thirty (G 30), an international body of leading financiers and academics? The ECB is not terribly cooperative in answering this question. Norbert Häring is […]
This is an interesting blog concerning the state of Italian banks and how their crisis could change EU banking. Read here
Wren-Lewis discusses Tam Bayoumi’s recent book “Unfinished Business” concerning the Great Financial Crisis: “What this analysis by Tam Bayoumi convincingly shows is that finance always has to be carefully regulated, and failures in regulation can […]
In The Real News Network The European Central Bank (ECB) announced that it will reduce its cash injection program, known as quantitative easing, by half. Economist Heiner Flassbeck discusses the consequences this will have for […]
Pettifor doubts that the Bank of England had any good reasons to increase interest rates – other than to serve the financial interests in the City of London. Ann Pettifor is an Economist, director of […]
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