Richard Vague, who has studied financial crises, has honed in on the destructive impact of private debt and the need for debt jubilees.
Read more...How immient is a bust in private equity related debt?
Read more...Like master illusionists, bank accountants conceal losses from federal regulators, putting the whole economy at risk
Read more...Households and businesses are overloaded with debt. Richard Vague offers a set of proposals for how to restructure it.
Read more...Thomas Frank explains why populist campaigners face such a hostile environment now.
Read more...The coronavirus’ effect has been to help defeat the financial sector’s enemy, governments strong enough to regulate it.
Read more...Jan Kregel explains the fundamental problem with the economic system is its focus on providing finance to investors.
Read more...Political scientist Tom Ferguson juxtaposes the factions around Biden with how Roosevelt eventually stared down banks and corporatists in the second phase of the New Deal
Read more...A short primer on banks from a Modern Monetary Theory perspective.
Read more...CalPERS made damaging statements to justify withholding information about private loans. That suggestswhat it was hiding is even worse.
Read more...A spike in mortgage delinquencies says more bad results are coming, particularly with no new stimulus in sight.
Read more...Debunking Bernanke’s pet excuse for the global financial crisis, the savings glut hypothesis, which of course exculpates the Fed.
Read more...Financial regulators still don’t like to tame bubbles even after seeing how costly it is when they go boom. Shame, that.
Read more...Mortgage servicers are still engaged the abuses they perpetrated in the foreclosure crisis.
Read more...Debunking some major misperceptions about potential roles for Bitcoin and blockchain.
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