MMT economist Steven Hail helps understand the intricacies of a modern money banking system as they discuss the interplay of government spending, private sector transactions, reserve and bond accounts at the central bank and how these things impact on interest rates, plus the effect of quantitative easing.
Glen Diesen is an expert on Russia and Ukraine. Here his take on a number of related topics.
Since the 2008 crisis, HSBC has been involved in countless scandals: Money laundering for drug cartels, corruption, tax fraud… And yet the international bank escapes justice with insignificant fines. Why are they “too big to […]
June 17, 2024 We are living through a moment of social and political upheaval – one that has somehow aligned the Houthi rebels in Yemen, South Africa’s greatest legal minds and students across the wealthiest […]
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