Category Archives: Economic fundamentals

Heiner Flassbeck: The Euro Arrangement Is Faulty

Heiner Flassbeck shows it defies macroeconomic logic to promote surpluses for Germany, prohibit government deficits everywhere else and forbid the central bank from acting as the central bank of each Euro member.

Political Scientist Tom Ferguson on Big Money and Social Conflicts in the Covid-19 Era

An incisive take from the no-holds-barred Tom Ferguson.

What Are the Three Concurrent Crises of the Coronavirus Depression?

Past theories of crises and why they matter now.

Michael Hudson: Debt, Liberty and “Acts of God”

How ancient societies forgave debt that became unpayable due to circumstances outside the borrower’s control.

Michael Hudson and Dr. Jeffrey Miron of Cato Debate Capitalism

Michael Hudson sharpens some of his arguments in a discussion with a Harvard/Cato Institute stalwart.

Yanis Varoufakis: Have Merkel & Macron Just Announced a Eurobond-Funded Godsend for the EU?

There’s not a lot of there there in a proposed EU rescue scheme.

The Lockdown Protestors Are Not Working Class

Contesting the messaging about lockdown protests.

How Germany’s Courts Might Destroy the Eurozone

Without an agreed set of rules, the eurozone cannot be sustained. Ironically, as the EU’s biggest creditor, Germany stands to lose the most from its court’s ruling.

Brexit: Yet More Chicken

The same bad Brexit dynamics are very much in place.

Reopening Isn’t Reopening—It’s Cutting Off Unemployment

In case you wondered why conservative states are all gung ho about reopening….

Public Pension Plans in a World of Hurt; Even Loyalists Warning of Grim Prospects

Not surprisingly, public pension fund economics look pretty sick.

Congress and Corporations Join Forces To Crush American Small Business

Funny how that small business bailout worked…..