Economics, law and politics are all crucial to the story of Greece, but in the moment of default or Grexit they take a back seat to something far more important: organizational capacity.
Read more...Both sides in the Greece/creditor negotiations have said they have reached the limits of what they are prepared to give.
Read more...Michael Hudson gives a wide-ranging interview on the state of financial capital, with emphasis on fresh events in Ukraine and Russia.
Read more...Some observers thought that Greece might get a break in the G-7 summit this weekend. While the G-7 has one more day to run, the statements coming out of the summit strongly and uniformly back the creditor position.
Read more...Greece has already offered to continue with a program of significant austerity. No wonder the creditors are close to agreeing to that part of the government’s proposal.
Read more...Why both Keynes and Minsky regarded low interest rates as poor policy.
Read more...Investors act as if they have a right to liquidity. The authorities are trying to get them used to the new normal of higher spreads and risks.
Read more...As Tsipras’ options narrow thanks to the revolt in his party, it is also becoming harder for even Merkel to forestall a default.
Read more...We are now 35 years into a finance-led counterrevolution. If you care about income inequality, student loan debt slavery, foreclosure abuses, and other products of the success of this effort, it behooves you, as Sun Tzu urged, to understand your enemy.
Read more...A report by the Volcker Alliance on financial reform is readable and meaty, and curiously dropped from media sight.
Read more...The noose continues to tighten on Greece.
Read more...It appears that having the financial crisis analogue to the captain of the Titanic carry on in the stereotypical super-entitled Wall Street CEO manner was too much for the tender sensibilities of CNBC.
Read more...Current proposals to deal with the too big to fail problem fall way short as far as disarming derivatives risk is concerned.
Read more...Three SEC whistleblowers have been proven right in charging Deutsche Bank with misreporting its biggest derivatives risk,. the bank, predictably, looks to have gotten off easy.
Read more...Hillary Clinton does not want to talk about past economic controversies.
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