Instead of assuming rational expectations and efficient markets to be right, one ought to confront the hypotheses with the available evidence. It is not enough to construct models. Without strong evidence, all kinds of absurd […]
Every US president since Ronald Reagan has been telling the same myth: Tax gifts for the rich will trickle down to the rest of society. And society has has believed them. But trickle down has […]
This is the introduction for the newly published German edition of Michael Hudson’s book Super Imperialism (Finanzimperialimus) Read here
Book review by David Shirreff The answer is yes. But saving the euro will be immensely difficult, and will require political, ideological and institutional changes. The euro always had serious design flaws. Back in 1989, […]
This is another lengthy piece by Bill Mitchell, but well worth taking the time to read. As he writes: “the problem of tax avoidance and evasion is not fiscal. Progressives get stuck on that point. […]
Out of all the arguments and excuses that people manufacture to justify the financialisation of society, the most difficult one to accept is that creating a market in education is the only way it can […]
Malta contniues its policy of selling citizenship to the rich. To obtain a Maltese passport, which grants the holder full access to the European Union, applicants must pay €650,000 and invest €150,000 in government stocks […]
“Rajoy’s strategy has been spectacularly unnuanced. At every turn, he has scorned the independence movement as no more than a plot “to liquidate our constitution”, a “criminal” conspiracy, and “a clear violation of the laws, […]
Billionaires increased their combined global wealth by almost a fifth last year to a record $6tn (£4.5tn) – more than twice the GDP of the UK. There are now 1,542 dollar billionaires across the world. […]
Guerra describes the roots of Catalan discontent with Spain’s national government, especially with the corruption and austerity policy of the Partido Popular of Prime Minister Mariano Rajoy. Published in Renegade Inc. Read here […]
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