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 […]
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 […]
The growing debt crisis in the Global South and the need for forgiveness and system change. Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial […]
South Africa as geopolitical victim of the US hegemon Read HERE
There was a lively gathering of young and old economic dissenters at London’s UCL this week. We were there to celebrate the life of a leading dissenter, the distinguished economist, Professor Victoria Chick who died […]
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