The rich have influenced most developing countries to prioritize inflation targeting in monetary policy instead of adopting bolder economic policies for growth, jobs and sustainable development.
Read more...Why central bank fixation with inflation targeting is dodgy to detrimental.
Read more...An increase in global financial risk causes a large and persistent widening of sovereign spreads, with the spillover effects especially pronounced for speculative-grade sovereign debt
Read more...James K. Galbraith discusses the shift of the US from industrialism to his so-called predator state: finance-led, military-centered corporatism
Read more...Efforts to cure inflation, at least for poorer countries, will prove to be more damaging than the disease.
Read more...A fresh report lead authored by Nathan Tankus takes on orthodoxy monetary policy ideas and provides Modern Monetary Theory solutions.
Read more...The IMF seems unable to drop its punitive, self and “client” destructive habits.
Read more...Inflation hawks are winning. A ‘beggar thyself’ race to raise interest rates has begun. But this response slows economic growth.
Read more...Sanders: “The American people have a right to know where their senators stand on the most important issues impacting their lives.”
Read more...Yves here. Michel Hudson, in this short talk with The Saker, debunks many widespread misperceptions about the dollar, the US economy, and the prospects for fundamental change. I have only a couple of teeny quibbles and a further thought. Hudson discusses private equity buying up single family homes. While that was a very big trend […]
Read more...Economist Michael Hudson explains the inflation crisis and Fed’s secretive $4.5 trillion bank bailout.
Read more...The Fed is trying to solve an economic problem that is largely outside its reach.
Read more...What does Manchin want?
Read more...Fed-type models say US inflation will hang around. So the central bank will try to Do Something when it really can’t do much.
Read more...Biden is signaling he might retreat on resuming student debt payments. But is this simply a ploy in light of the BBB brick wall?
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