Milton Friedman: From Modern Monetary Theory to Monetarism
How Milton Friedman was an advocate of functional finance, the precursor to Monetary Monetary Theory before he wasn’t.
Read more...Category Archives: Banking industry
Stablecoins Could Crash Our Economy
Finance loves to dress old risks in new language and call them innovation.
Read more...Fed Governor Lisa Cook v. Trump: “That Mortgage Document Doesn’t Say What You Think It Says”
More on the holes in the Trump allegations that Fed governor Lisa Cook committed mortgage fraud.
Read more...Michael Hudson: How Lenders Sought and Got Power in the Roman Era and Helped Legitimate Later Rentierism
Michael Hudson recaps the long history of limits on lenders’ rights for the benefit of society and how the Roman era was an inflection point
Read more...Trump’s Impact on the Financial Sector and Global Dollar System
A wide-ranging review of how unccordinated Trump policies undermine the dollar and the international banking system, and even each other.
Read more...Satyajit Das: Weakening Bank Regulations Will Make the Next Financial Crisis Worse
Pressured by banks, US and European officials are loosening regulations to prevent another 2008 which will have predictable consequences
Read more...The New Currency War: US Stablecoin-China Digital Yuan Rivalry as a Test of Monetary Discipline
How the US stablecoin/digital yuan arms race creates instability risks and undermines monetary sovereignity around the world.
Read more...Tucker Slams Predatory Buy Now, Pay Later Loans as the Economist Celebrates This New Debt Slavery Device
A relatively new financial product, buy now pay later loans, is deepening the misery of already over-extended Americans, especially Gen Z
Read more...“Could 2008 Happen Again?”
Private debt levels, particularly for real estate, look evocative of the 2008 crisis. But how is a rerun likely to differ?
Read more...Michael Hudson: From Babylon to Wall Street – How Bankers Make You Poor
A wide-ranging historical discussion with Michael Hudson, tracing the destructive rise the power of lenders from ancient times to today.
Read more...Michael Hudson: Church and Finance – From the Crusades to World War I
Michael Hudson extends his historical review from debt in antiquity the role of the Catholic Church in the rise of banking and war finance.
Read more...Michael Hudson: Today’s Civilizational Conflict
A new article by Michael Hudson, an extract from an upcoming book, gives a long view of colonial exploitation and China as a counter-model
Read more...Trump’s Self-Destructive Fight with the Fed for Low Interest Rates: His “Fiscal Dominance” Game of Chicken
Trump is fighting another war he can’t win: trying to use interest rates to counter the inflation created by his yawning fiscal deficits.
Read more...Broligarchs Demand Silicon Valley Bank 2.0: What Could Go Wrong?
It seems no idea is too stupid not to get a following. This one is to recreate Silicon Valley Bank, a standout failure.
Read more...Satyajit Das: Lessons from Japan’s Massive Debt Hangover
While there are things the debt-addled West can learn from Japan, the dirty secret is they were in some key ways in better shape than we are.
Read more...