The “Petrodollar” Has No Bearing on Any Country’s Ability to Employ Its People Fully
Debunking the petrodollar myth.
Read more...Category Archives: Currencies
Could Turkey Trigger the Next Global Financial Crisis?
Why the currency crisis in Turkey is a due in part to the failure to take adequate corrective measures after the global financial crisis.
Read more...What Should the EU Do About the Turkish Currency Crisis?
The Turkish lira has been under significant pressure in recent weeks. What is the EU’s exposure to possible crisis in Turkey and how should the EU react?
Read more...The Mechanics of Cryptocurrency
An examination of cryptocurrency practicalities.
Read more...The CFA Franc Zones: Neocolonialism and Dependency
How France still exerts influence over the CFA franc zone.
Read more...Emerging Markets Swoon as Turkey Wobbles
A high level look at the upheaval in Turkey.
Read more...ECB Fears Contagion from Turkish Lira Collapse, Bank Stocks Plunge
The Turkish lira’s swan dive is causing all sorts of collateral damage.
Read more...Michael Hudson: Life and Thought – An Autobiography
Michael Hudson discusses his life as a young Communist intellectual, how he became interested in economics and finance, his life in academia, and his recent work on rentier capitalism and debt jubilees.
Read more...Michael Hudson: Argentina’s New $50 Billion IMF Loan Is Designed to Replay its 2001 Crisis
Michael Hudson explains why the new IMF bailout of Argentina will not end well.
Read more...Argentina 20 Years On: Has the IMF Really Changed Its Ways?
The IMF is back in Argentina. The fund pretends that it’s moved away from borrower-punitive programs, but the evidence says otherwise.
Read more...Bill Black: Bitcoin Frauds Keep Growing
Another area where bitcoin hype exceeds reality.
Read more...Cryptocurrencies Are Lousy Investments
A skeptical look at the prospects for cryptocurrencies.
Read more...The Roots of Argentina’s Surprise Crisis
How reforms by Argentina’s President Macri helped kick off a currency crisis.
Read more...Italy Bars Landing of Ship With 629 Migrants as Finance Minister Takes Euro Exit, Parallel Currency Off Table
Why the self-styled reformist government in Italy is already looking like a paper tiger.
Read more...A Hard Look at the Mini-BOT, the Parallel Currency Idea of Italy’s New Ruling Coalition
The mini-BOT has only been sketched out at a high level. How might it work and more important, would it succeed as a parallel currency?
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