Paul Craig Roberts on Michael Hudson’s Killing the Host
An introduction to Michael Hudson and his latest book.
Read more...An introduction to Michael Hudson and his latest book.
Read more...Trump represents a new strain in American politics: low wage full employment and the protection of the status of big business through violent discipline.
Read more...The Clinton campaign is on the back foot. And it is a spectacle to behold.
Read more...Hillary as a neoliberal is not your friend….unless you are a member of the 1% or on their meal ticket.
Read more...Why the crisis in Flint, Michigan is about race and class, and the American nightmare of metastasizing inequality of wealth and power.
Read more...Today’s richest Americans may soon blow past the tycoons of the Roaring Twenties.
Read more...Even though the former chief economist of the BIS calls for a debt jubilee, it’s only part of the medicine needed to get the economy out of the ditch.
Read more...The attacks on Sanders from Wall Street are getting ever more shrill….about time the felt some heat.
Read more...A card-carrying member of the 0.1%, Steve Schwarzman of Blackstone, has reveled himself to be dangerously out of touch.
Read more...The Clinton campaign is too obviously interested in its success over that of the nation. And despite the Sanders surge, it still believes in its inevitability.
Read more...Yves here. Sometimes it is best to let things speak for themselves. In that spirit, I am embedding a very important paper by the well-respected investment management firm GMO which debunks the tenets of “sound finance,” meaning the claim that governments need to balance their budgets. I expect to be referring to it regularly, particularly […]
Read more...It’s sad that you have to be something of a detective to decipher what passes for content at most major American news outlets. In the case of Michael Grunwald, however, we have a decent set of indicators about the normally hidden agenda. The Politico writer worked with Tim Geithner on his memoir. In fact, I believe he has said publicly that he didn’t know a lot about finance before meeting Geithner. So when Grunwald decides to leap into anything involving this topic, we can assume the end result is not altogether different than what it would look like if Geithner wrote it with his own byline.
The latest example is a nominal review of The Big Short, which is not really a review. It’s an attempt to steer the narrative of what happened, in the financial crisis and its aftermath, to territory that comforts elites.
Read more...Why economic failures argue for the need for more democratic control over policy, or at least the ability to cut the power of institutions that get it wrong.
Read more...How the struggle over who controls the commons, the monied classes or a broader group of citizens, reveals the fundamental contradictions of capitalism.
Read more...The fundamental contradictions of neoliberal capitalism are pushing it to the breaking point.
Read more...