Category Archives: Doomsday scenarios

Debt and Power: An Interview With Michael Hudson

Micheal Hudson explains how the ancient approach to managing debt is far superior to ours.

At Long Last the Government Can Borrow Straight From the Bank of England – As Modern Monetary Theory Has Always Suggested It Should

The UK embraces modern monetary theory….and perhaps hopes no one notices.

Sanders Calls for ‘Unprecedented Legislative Response’ to Coronavirus Crisis—Not Corporate Bailouts

Republicans have tabled a corporate bailout plan to calm markets. Can Bernie Sanders and others redirect the stimulus to reflate the economy?

Bailout Shenanigans: Making 2008 Look Good?

The bailout bill looks shameless, even by Trump Administration standards.

Michael Hudson: A Debt Jubilee is the Only Way to Avoid a Depression

In the face of massive economic calamity caused by coronavirus, Michael Hudson argues a debt jubilee is the only way to avoid a depression.

NYU Preparing for Possible Use of Dorms as Field Hospitals

Contingency planning for emergency hospitals.

UN Chief Warns of Coming Recession for the Planet

The UN feels compelled to weigh in on the less-than-sunny economic outlook.

The Pros and Cons of Planting Trees To Address Global Warming

Why planting more trees is not a climate change magic bullet.

A View From The Front Lines Of California’s COVID-19 Battle

California braces for the COVID-19 storm.

The Coming Fiscal Crisis Of State And Local Governments

State and local governments will soon be in a world of hurt.

IMF Refuses Aid to Venezuela in the Midst of the Coronavirus Crisis

The IMF dons its enforcement brass knuckles.

Why Sending $1,000 Checks to Everyone Won’t Solve the Coronavirus Crisis (Updated)

Why the Republicans’ planned coronavirus bazooka isn’t big enough.

Debt and Financial Crises: Will History Repeat Itself?

Unhappy families may all be different, but financial crises are pretty much the same, rooted in debt overhangs, and one has been brewing.