Category Archives: Federal Reserve

The Fed’s New “Operation Twist”: Twisted Logic for Bank Profits at the Expense of the Real Economy

How did Janet Yellen and the Federal Reserve justify their rate increase now, despite strong signs that there is little economic basis for doing so?

Call this an exercise in twisted logic, plain and simple.

Read more...

Michael Hudson on Parasitic Financial Capitalism

An interview with Michael Hudson on his latest book, Killing the Host, which focuses on the destruction wrought by financial capitalism.

Read more...