Ann Pettifor: How Money Flows Uphill
The Lucas Paradox, Anthony Minghella and the worst ever global debt crisis Read HERE
The Lucas Paradox, Anthony Minghella and the worst ever global debt crisis Read HERE
On Monday morning I woke to a furore caused by Labour’s Shadow Health Secretary’s suggestion that a Labour government would use “spare capacity in the private sector to cut the waiting lists.” And that he, […]
The value of art, like other assets, is falling as inflation and interest rates rise. China in particular is in a debt-deflationary trap. In Ann Pettifor’s substack. Read the article HERE.
How to think and write about the global economy and financial architecture when the world’s ecosystem, and and geopolitical systems are broken and threaten sudden breakdown ? How to think and write about the economy […]
In the US, mortgage applications are now down 50% and at the lowest levels since 1994. Credit card defaults rates are higher than in 2008. Is the debt bubble about to burst? Read the article […]
On the perverse impact of debt deflation after a period of debt inflation Read HERE
The ‘single number’ theory that helped nix climate change Read HERE
And the cataclysmic gap between theory, policy and ecosystem collapse Read HERE
The race is on to transform the fossil-fuelled climate system. To do that, society must restrain the debt-fueled Money System. Both envelop, and threaten to overwhelm the planet. But to transform, we must first understand […]
Economic Interference in the Global South Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of […]
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