Diamond-Dybvig-Bernanke is a flawed model of banking that has no room for a lender of last resort
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Ben Bernanke Dollar by Gage Skidmore
Peter Bofinger and Thomas Haas: A Nobel Award for the Wrong Model
Economics
Energy Monitor: The EU is paying the same amount for 75% less Russian gas
Over the past year, Russia has cut gas exports to the EU by 75%, violating long-standing supply contracts. Yet the EU is paying as much for Russian gas as it did before prices rose last […]
Climate Crisis
Common Dreams: Dozens Arrested as Scientists Worldwide Mobilize to Demand ‘Climate Revolution’
“If everyone could see what I see coming,” said one scientist, “society would switch into climate emergency mode and end fossil fuels in just a few years.” Read Here Scientists engage in civil disobedience on […]
Austerity
Bill Mitchell – The ‘disciplining role of markets’ should be replaced by the disciplining role of democracy
Capital through its lobbying power has also meant that there is now democratic deficits rising all around the world. So, we don’t even get to express our political choices on an even playing field. Read […]
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