Steve Keen: Zombie-to-Be Economies and the Walking Dead of Debt Include China, South Korea, Canada, Finland
Steve Keen’s macroeconomic model allows him to identify zombies-in-the-making. It’s not pretty.
Read more...Steve Keen’s macroeconomic model allows him to identify zombies-in-the-making. It’s not pretty.
Read more...Economists bemoan the lack of aggressive fiscal spending after the crisis. Funny how few of them were willing to advocate it when it mattered.
Read more...If China’s very low level of social capital has long ago made its investment strategy obsolete, that suggests that China has overinvested beyond its capacity to utilize these investments economically. Thus there are hidden losses on bank balance sheets created by the failure to write down physical capital to its true value. In this case Chinese growth cannot help but drop significantly as these losses are finally recognized and as investment levels are sharply curtailed.
Read more...The true destructiveness of neoliberalism is becoming more and more apparent.
Read more...Real gains by average Americans won’t come financing gimmicks but from real growth in wages. And no one in authority seems willing to provide them.
Read more...The decline of CUNY as evidence that the superrich are killing the rest of us through a slow process of attrition
Read more...Even though the near-term fundamentals for oil are not promising, speculators are cutting bets that the bottom will fall out (again).
Read more...London exemplifies a global trend: property warehoused by the global wealthy, to the detriment of the people who live there.
Read more...A new IMF paper takes on some neoliberal sacred cows.
Read more...A sighting from the protests in Paris over proposed anti-labor regulations.
Read more...The history, internal contradictions, and frequent mischaracterization of the nature and operation of neoliberal ideology.
Read more...The IMF has not given up on debt relief for Greece, but due to the upcoming Brexit vote, is holding off on the fight until fall.
Read more...The Clinton campaign keeps harping on identity politics, and ignores some of Trump’s major points of vulnerability. They can’t afford mistakes like that.
Read more...The gap between the posturing and practice of free trade.
Read more...Does helicopter money come with a hidden price tag?
Read more...