Good Riddance, Alan Greenspan
Cataloguing some of the less-well recognized ways that Alan Greenspan did tremendous harm to the financial system and citizens at large.
Read more...Category Archives: Banking industry
Michael Hudson: Debts That Cannot Be Paid Won’t Be
R. C. J. Cranstoun spoke with Michael Hudson on debt, rentierism, and the geopolitical rift around sanctions, energy, and the dollar system
Read more...The One Big Beautiful Bill Act and Medical Education in These United States
On Independence Day of 2025 President Trump signed his One Big Beautiful Bill Act (OBBBA) into law. Something that has not gotten much attention, so far, are the consequences OBBBA will have on students who must borrow money to attend college/university, graduate school, and/or professional school. Should American students be forced to go into debt […]
Read more...Michael Hudson Warns: Imminent Economic Catastrophe – War, Oil Crisis & Bond Market Panic
Michael Hudson explains how the financier-friendly medicine of higher interest rates will only make the impending economic crisis worse.
Read more...Iran War: Team Trump as Narrative War Captives?
Today’s Iran War update: Is Team Trump driven by narrative wars because they are the only ones they can kinda sorta win?
Read more...Satyajit Das: BNPL – Buy Now, Pain Later
A look at the economics of the hot new way to create yet more debt slaves: BNPL, as in buy now pay later loans.
Read more...Easing Capital, Reviving Risk: The Quiet Return of Too Big to Fail
Less capital, more risk. The latest move on big-bank rules suggests that too big to fail was never solved, only deferred.
Read more...Michael Hudson: Persia’s Monopoly Concessions to Britain, 1872-1901
Persia’s 19th century fight to drive out the British investors who had obtained monopoly concessions is background to the current crisis.
Read more...Rob Urie: No Exit – How Obama’s Bank Bailouts Produced Trump
Profiling the Democratic Party’s doom loop, starting with the Obama “get out of jail free” cards to financiers after the crisis.
Read more...Michael Hudson: Destiny of Civilization – Financialization & Collapse
Michael Hudson explains how industrial capitalism was radical in aiming to free economies and markets from rent-seeking and financialization.
Read more...The Finance Curse Is Killing Britain
A well-warranted harsh look at the high cost an overly-large and ever-more-extractive finance sector imposes on society as a whole.
Read more...‘This Is Your Money’: Trump Assault on CFPB Has Cost Consumers $19 Billion
The affordability crisis includes the cost of being cheated, which due to the weakening of the CFPB alone is a handsome sum.
Read more...Geopolitics as a Monetary Shock: The ‘Silent Tightening’ in the European Banking System Due to Sanctions Against Russia
Another example of Ukraine war blowback on the West: banking costs rose and lending tightened due to the sanctions on Russia.
Read more...Satyajit Das: President Trump’s Spat With the Federal Reserve Is Not About Central Bank Independence
A look at the overly-large, internally conflicted role of the Federal Reserve and Trump’s dodgy aims in trying to bring it under his control.
Read more...The Day of the Dollar: Is It Over?
More on the prospects for the dollar. Even under Trump, it remains the cleanest shirt in the laundry bin.
Read more...