Another nail in “loanable funds”, which justfies austerity but does not explain how central banks produce credit and monetary growht.
Read more...Why the expected official response to this bank panic wil make matters much worse, just not right away.
Read more...The bank firefighting squad seems to be out on a bender.
Read more...Are many of the explanations of the recent bank tsuris barkign up the wrong tree?
Read more...Michael Hudson gives a wide-ranging talk on SVB and other recent bank collapses, focusing on the considerable role of misguided Fed policies
Read more...How the SVB bailout confirms the dedication of the elites to self interest only.
Read more...Peeling back more layers of the SVB implosion and its broader implications.
Read more...Discuss: “The right has narrowed the parameters of discussion on student debt forgiveness. Biden is not fighting back aggressively enough.”
Read more...The point of the debt ceiling melodrama is to give fiscal hawks another whack at budget-cutting. Tax increase are therefore off the table.
Read more...Russia had a budget shortfall due to a fall in energy-related tax receipts. How serious a problem is this development?
Read more...The new year gets off to a rousing start with the launch of a new bi-weekly talk show with Radhika Desai and Michael Hudson.
Read more...Michael Hudson describes how the war with Russia is changing the economic and political order, and not to the advantage of Europe and the US.
Read more...ECB’s assets drop by €800 billion. Mexico hiked too today, way ahead of the Fed, keeps peso from falling against USD.
Read more...Genesis, another key block in the crypto Jenga tower, looks like it is about to be removed from the game. What might fall down as a result?
Read more...Nomi Prins warns that central banks’ strategies are destroying the real economy, worsening inequality, and creating societal chaos.
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