Category Archives: Currencies

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.

How China Is Offering an Alternative to the IMF

China has been setting up currency swap lines with many countries. But is this an idea that is ahead of its time?

What Happens If Bitcoin Succeeds?

Most of us would not want to live in a society where bitcoin succeeds.

Is the Post-COVID Boom Going to Bust?

Reading the tea leaves of the economy after Covid…..assuming an “after Covid”.

Michael Hudson – Changes in Super Imperialism

Michael Hudson recaps his classic Super Imperalism and extends it to the 21st century struggle for dominance among the US, China, and Russia.

How President Biden Can Fix our Trade Problem

Trump’s approach to trade largely failed because the problem can’t be solved by tariffs. Here’s the answer.

2020 “Globie”: The Carry Trade

A recent book focuse on the role of the carry trade in increasing financialization and instabilty.

Shipwrecked by Rents

The costs of imperial rent-seeking.

The IRS Moves to Crack Down on Cryptocurrency Tax Evaders

The IRS is officially in “No more Mr. Nice Guy” mode with respect to cryptocurrency enforcement.

Ilargi: What? Default? Where? Dollar?

Why the dollar is not losing its privileged status any time soon.

Heiner Flassbeck: The Euro Arrangement Is Faulty

Heiner Flassbeck shows it defies macroeconomic logic to promote surpluses for Germany, prohibit government deficits everywhere else and forbid the central bank from acting as the central bank of each Euro member.

How Germany’s Courts Might Destroy the Eurozone

Without an agreed set of rules, the eurozone cannot be sustained. Ironically, as the EU’s biggest creditor, Germany stands to lose the most from its court’s ruling.

The Eurozone in Crisis

The Eurozone, despite years of band-aids over gunshot wounds, has managed to soldier on. It may have finally met its match in the coronacrisis

Fed Drastically Slashed Helicopter Money for Wall Street. QE Down 86% From Peak Week in March

Keeping tabs on Fed munificence.

Last Chance to Save the Euro?

The actions taken so far to salvage the single-currency union expose its fatal flaws. The last bout of stress will be a test to destruction if fundamental changes aren’t made.