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...A short primer on banks from a Modern Monetary Theory perspective.
Read more...The World Bank is trying to rebrand a failed public private partnership scheme as “blended finance”. Developing countries, beware.
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...Debunking some major misperceptions about potential roles for Bitcoin and blockchain.
Read more...Why Warren’s eviction bill, which calls for a one-year eviction freeze, does not go far enough to save homeowners, tenants, and businesses.
Read more...Why using credit as an economic remedy evenutally does more harm than good.
Read more...An explanation of the mechanics of Federal spending, with emphasis on the role of the Fed and Treasury.
Read more...Covid-19 has engendered investment grifting.
Read more...WSJ says banks can no longer determine who is credit-worthy using existing models – more COVID-19 fallout, this of uncertain magnitude.
Read more...Michael Hudson explains why debt cancellation and turning banks into utilities is the only sound response to the cornacrisis.
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