Credit booms tend to go hand in hand with a misallocation of resources – most notably towards the construction sector – and a slowdown in productivity growth, with long-lasting adverse effects on the real economy.
Read more...Why banks should not be considered to be private enterprises.
Read more...A new book. Game of Mates, documents how rentier capitalism and soft corruption operate in Australia. Many of its findings apply to the US.
Read more...An IMF report comes up with some orthodoxy-reinfocing conclusions by failing to address some key issues.
Read more...How viable are “cleaner” coal technologies? And can carbon sequestration save the day?
Read more...In the absence of that countervailing force, then, if we elect to turn away from the US and ANZUS then what we are most likely going to achieve is to accelerate the rise of a new imperial order.
Read more...China and the US are making thread displays at each other. Not big ones, but still meant to be noticed.
Read more...An ignominious decade of UK company registration, illustrated by UK companies formed by Ian Taylor, an old friend from New Zealand
Read more...Australia’s major cities are benefiting the rich more than the poor and are becoming breeding grounds for inequality in the process.
Read more...Corporations are winning an ideological battle, securing lower income taxes around the world. But how far can this trend go?
Read more...This is Naked Capitalism fundraising week. 1097 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in financial realm. Please join us and participate via our Tip Jar, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser, what we’ve […]
Read more...An in-depth analysis of why the assertion that more population growth promotes higher living standards is bunk.
Read more...Immigration is a hot topic in the antipodes too, for much the same reason as in the US….the impact on jobs and wage rates.
Read more...How the housing bubble is restructuring Australian society. Are the same patterns emerging in your country?
Read more...More evidence that housing bubbles distort economic activity and act as a damper on growth.
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