Webinar with Michael Hudson: A 4000-Year Perspective on Economy, Money and Debt
Michael Hudson gives a long historical account of the role of debt and money as a tool for promoting prosperity and political dominance.
Read more...Category Archives: Credit markets
How Dodgy Government Accounting Fueled Rapid Rise of Federal Student Loans
Why the student loan mess is even worse than you thought.
Read more...California Judiciary Committee Gives Blistering Assessment of CalPERS’ Fiduciary Duty Failings in Analysis of Fraud-Friendly Private Debt Secrecy Bill
The Judiciary Committee’s analysis of a CalPERS-sponsored bill shows that Sacramento is noticing the fund’s chicanery and incompetence.
Read more...The Voice of Monetary Policy
A positive voice tone can lead to higher share prices and decreases in volatility, highlighting the importance of voice control for central bank communication.
Read more...Michael Hudson: Plato, Aristophanes and Aristotle on Money-Lust, 399-380 BC
While Plato, following Socrates, saw money as leading to hubris, Greek philosophers didn’t care much for working men either.
Read more...Softer Monetary Policy Increases Inequality
Quelle suprise! Asset-goosing loose monetary policy helps the rich more than the poor even in egalitarian Denmark.
Read more...Inflation in the Aftermath of Wars and Pandemics
Challenging the conventional wisdom that government responses to Covid will generate inflation.
Read more...UNCTAD’s Richard Kozul-Wright on the Post-COVID World Economy: Out of the Frying Pan… Into the Fire?
Kozul-Wright warns that for a sustainable Covid-19 recovery, it is key to abandon policies that concentrate economic power and wealth
Read more...Michael Hudson Asks Our Readers: If Democracy Winds Up Creating Financial Dominance, What Do We Call China?
Michael Hudson seeks reader input on what to call modern governments not run by traditional nobles or financial interests.
Read more...QE During the “Everything Mania”: Fed’s Assets at $7.7 Trillion, Up $3.5 Trillion in 13 months
Trying to make sense of what the Fed is up to.
Read more...We Have to Consign the Era of Financial Engineering to History
Financial legerdemain is still very much with us, despite the Big One in 2008 and continuing distortions confirming its high cost.
Read more...Rising Temperatures, Melting Ratings
Taking a stab at how global warming will affect bond ratings in the intermediate and long term.
Read more...The Bullshit Economy Part 2: Payday Loans 2.0, aka Early Paycheck Apps
Payday loans suck. Giving them a new name does not make them suck less.
Read more...Stock Market Leverage Spikes in Historic Manner: Another WTF Chart of a Zoo that Has Gone Nuts
In an investment environment where nothing matters anymore – until old fasioned worries like leverage suddenly do.
Read more...The Full Case Against Ultra Low and Negative Interest Rates
Why unprecedentedly low and negative nterest rates will probably not stimulate demand and may even threaten financial stability.
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