The Turkish debt inflation was inherently unsustainable; the only uncertainties were the timing of, and trigger(s) for, the reversal. But who will carry the burden of the consequences? Geoff Tily is a Senior Economist at […]
Every so often humanity manages genuinely to surprise itself. Events to which we had previously assigned zero probability push us into what the ancient Greeks referred to as aporia: a state of intense bafflement urgently […]
After the German TARGET 2 balance has almost reached a plus of a trillion euros there is a new wave of alarming articles in Germany, in which eternally scaremongering German economists try to make the […]
Austerity has an awful reputation, but can be a useful tool in an economy to deal with public debt at the right time and in the correct manner. sue Konzelmann explains. Sue Konzelmann is a […]
Confusion is increasing, but a solution is nowhere in sight. All sides are trying to disavow Trump’s trade policy, but Germany’s surpluses and their fatal effects on other countries are not going away. Heiner Flassbeck […]
To win power, the left must build a narrative around ending privatisation, empowering the workforce and borrowing to invest. To stay in power, left governments must transition towards an economy based on high automation, shorter working […]
Unable to generate a domestic consensus and powerless to counter the priorities dictated by the euro, social democracy must continue to fail at home while divisions among EU nations deepen. Ashoka Mody is a visiting […]
How many articles, commentaries, and other media reports were we confronted with concerning “fake news”? No one mentioned “bought news”, which is a greater menace. The goal of corporate media is profit. Those paying for […]
One of the most important victories of neo-liberalism was banning serious fiscal policy by democratically elected governments to deal with economic crises, relegating this power to monetary policy of purportedly independent, yet unelected, central banks. […]
Ten years after the crisis, the Australian economist Steve Keen, who has recently joined Finance Watch as an individual member, calls his mainstream counterparts to account for (still) ignoring the very obvious causes of financial […]
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