UK Economy Falters as Pound Sterling Continues to Slide
Sustained neoliberalism is exacting a toll on the UK via currency wobbles and reluctance to raise rates in the face of budget pressures.
Read more...Category Archives: Currencies
Michael Hudson’s Introduction to Giorgio Buccellati’s At the Origins of Politics
Michael Hudson introduces anthropologist Giorgio Buccellati’s fascinating book on the political evolution of earlier societies.
Read more...Michael Hudson: Foreward on Schurtz’s Origins of Money
Michael Hudson explains how Heinrich Schurtz’s 1897 Origins of Money debunked neoclassical fables about how money started and developed.
Read more...“Anti-Western or Non-Western? The Nuanced Geopolitics of BRICS”
More on how much and what kind of influence BRICS might wield when it grows up.
Read more...Trump, Tariffs, Exchange Rates, and the Strong Dollar Problem: The Message of Elections in the US and Japan
Trump’s win highlights popular anger in the US, Japan, and Europe over the economy despite high stock prices and low unemployment
Read more...Trump Threatens BRICS Countries With 100% Tariffs if They Ditch the Dollar
Why Trump’s dedollarization tariff threat is much more bark than bite.
Read more...Monetary Policy in Response to Tariff Shocks
If the Trump tariff scheme weakens the economy enough, the Fed would do better to ease rather than tighten even if inflation increases.
Read more...The BRICS, a Geopolitical Challenge Overlooked by the European Union
A discussion of what BRICS might be when it grows up and what that could mean for the EU
Read more...BRICS Isn’t De-Dollarizing Anytime Soon
Why the Global South path away from the dollar will be longer and more difficult than many friends of BRICS imagine.
Read more...Michael Hudson and Richard Wolff: BRICS High Aspirations Versus Cautious First Steps
Michael Hudson and Richard Wolff discuss the recent BRICS summit as well as its rapidly-evolving geopolitical backdrop.
Read more...Indian Foreign Minister Throws Cold Water on the Idea of a BRICS Currency
The Indian foreign minister make fatal (at least for now) objections to the idea of a BRICS currency.
Read more...Who Holds All These US Treasuries? Update on the Investors in the Ballooning US National Debt in Q2
As the Fed unloads Treasuries, others are purchasing them…including foreign central banks.
Read more...BRICS and De-Dollarization: An Alternative or Potential Disaster?
A discussion of some proposals for the BRICS de-dollarization project, suggesting a lack of convergence of ideas among key players.
Read more...Why is Modern Monetary Theory So Important?
A big reason Modern Monetary Theory elicits pushback is that it threatens power relations, specifically, the perceived primacy of financiers.
Read more...Is US Policy Saving the Dollar or Destroying It?
How the global economy is being restructured, in no small measure due to inept, self-destructive policy moves that undermine dollar use in trade.
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