Thomas Fazi: The dawn of the Brics world order

What is missing from the debates over monetary policy today is the understanding that the Fed was not established to control inflation. It was created to prevent financial crises by acting as a lender of […]

With its fixation on equilibrium thinking and an exclusive focus on market factors that can be precisely measured, the neoclassical orthodoxy in economics is fundamentally unequipped to deal with today’s biggest problems. Change within the […]

Angela Merkel continues her policy of supporting Erdogan with massive cash injections – thus supporting Turkey’s war against the Kurds – as long as he keeps refugees from crossing into the EU. Is this the […]