Yanis Varoufakis: Inflation as a Political Power Play Gone Wrong
Looking at inflation through a class warfare lens.
Read more...Category Archives: Credit markets
Prices of New Houses Plunge, Sales Crater to Lockdown Level, Inventories Pile Up to Highest Since 2008
There is no “housing shortage,” with over 9 months’ supply of unsold houses, the most since the Housing Bust. But prices are still too high.
Read more...Michael Hudson on Finance Capitalism’s Self-Destructive Nature
Michael Hudson rings the changes on a favorite theme: the differences between the financial capitalism and industrial capitalism systems
Read more...Dollar Diplomacy: Michael Hudson and Steve Keen on Real Progressives
A wide-ranging and free-wheeling discussion of money, oligarchy, trade, China, the future of the dollar….with an eye to MMT.
Read more...Michael Hudson: The End of Western Civilization – Why It Lacks Resilience, and What Will Take Its Place
How neolibearlism and idealization of markets is the latest chapter in the West’s destructive drift towards rule by oligarchs and rentiers.
Read more...Michael Hudson: From Junk Economics to a False View of History – Where Western Civilization Took a Wrong Turn
Hudson reviews how economics has misrepresented the evolution of money and land ownership and promoted oligarchy.
Read more...Michael Hudson: A Depression Is Coming
Economist Michael Hudson explains the inflation crisis and warns a “long depression” is coming, due to the new cold war on Russia and China.
Read more...Michael Hudson Talks About Almost Everything with Jonathan Brown
Another blockbuster interview with Michael Hudson.
Read more...Housing Market Takes Another Body Blow with Sharp Interest Rate Rise
A short update on the housing market.
Read more...Suddenly Here Comes the Inventory: Homes Listed for Sale Jump Amid Price Reductions and Sagging Sales
In most US markets, there are more homes waiting to be sold than last year, How long will it take for overhang to lead to lower prices?
Read more...‘Public Bank’ Bill Blocked From State Senate Vote After Industry Pushback
Why is a modest public bank plan for New York going nowhere?
Read more...What Blew Our Financial Bubble So Big?
Why it’s more fun and profitable to be in the bubble economy than the real one.
Read more...Sri Lanka Economic Crisis Inflicted by Self-Serving Elite
How the Sri Lanka debt crisis was decades in the making.
Read more...China’s Overseas Lending and the War in Ukraine
Why lending to emerging economies may be collateral damage of the war in Ukraine.
Read more...The IMF Connection with the Ukraine Crisis
You can’t quite say the IMF is the root of all evil. But it sure made a lot of bad situations worse.
Read more...