Michael Hudson: The Wall Street Economy is Draining the Real Economy
How Wall Street is interjecting itself into the economy so that more and more is diverted to pay interest, insurance and rent.
Read more...Category Archives: Economic fundamentals
Don Quijones: A Blow to Transatlantic Corpocracy – Support for TTIP Begins to Unravel
Why the TTIP “trade” deal is looking wobbly.
Read more...Star Trek or The Matrix? Varoufakis’s Challenge to Neoliberalism
Varoufakis gave a wide-ranging talk on the considerable conflict between neoliberalism and democracy, and why democratic rule produces better results.
Read more...Watch Bill Clinton, Larry Summers, and Phil Gramm Have a Love Fest Over Repeal of Glass Steagall
Watch Bill Clinton heart financiers in 1998 and try to take it back in 2013.
Read more...Tom Engelhardt: Donald Trump – Campaigning on America’s Decline
Trump’s campaign is proof of America’s decline….but not in the way you think.
Read more...Mathew D. Rose: Merkel’s Refugee Strategy – A Brown Nose Becomes the Chancellor
Toadying up to dictators and intervening in failed states are major elements of Merkel’s new improved refugee strategy.
Read more...Sanders Constituency Will Shape U.S. Politics for the Next Decade
Will the Sanders campaign spark fundamental change?
Read more...Will the Upheaval in Fossil Fuel Industry Take the Rest of the Economy Down With It?
What are the broader implications of the tsuris in the fossil fuel industry?
Read more...Why Are Bankrupt Oil Companies Still Pumping?
How bankrupt oil companies are messing up the oil “recovery”.
Read more...Soros Warns of 2008-Like Debt Growth in China. How Risky are Its Banks?
Is China as at much risk as Soros suggests it is?
Read more...How European Union Fiscal Rules Subverted Democracy and Institutionalized Neoliberalism
A good overview of how fiscal rules gave neoliberal ideology and unaccountable bureaucrats the upper hand in the EU.
Read more...The Rise of the Right Wing Populist: Blame It on the Banks
Contrary to popular belief, the shift to the right is not due to immigration as much as the financial crisis and its aftermath.
Read more...Bill Black: Adam Davidson, the 1%’s Lord Haw-Haw, Mangles Economic Theory to Attack Sanders
Adam Davidson makes numerous misrepresentations about economics in a salvo against Bernie Sanders’ economic plans. Does he really not know better, or has he really drunk the orthodox Kool-Aid?
Read more...Greece-Troika Train Wreck Shaping Up for July Despite IMF Leak
As hard as it seems to believe, the IMF is shaping up as a less bad actor in the continuing Greece austerity saga. Germany finance minister Wolfgang Schauble, by contrast, seems emboldened by Merkel’s fallen stature, which couldn’t come at a worse time for Greece.
Read more...Towards a Theory of Shadow Money
Struggles over shadow money today echo 19th century struggles over bank deposits.
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