Category Archives: Economic fundamentals

World Bank Financializing Development

Why having public sector development funds “leverage” private capital is a bad idea.

The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson About His Forthcoming Book The Collapse of Antiquity (Part 1)

Michael Hudson describes how, in antiquity in Greece and Rome, emerging oligarchs ended the practice of debt jubilees, impoverishing laborers.

The Brexit Bar

Another important day for Brexit, when there is way too much to be decided with the stakes so high

MMT Scholars’ Predictive and Policy Successes – Part A

Bill Black highlights how prominent economists apply double standards with respect to MMT.

Bank Regulation Can’t Be Heads Banks Win, Tails Taxpayers Lose

At a G20 preparatory meeting, an INET panel analyzed how governments can prevent banks from exploiting taxpayer-funded bailout guarantees. The panelists didn’t mince words.

Brexit: Mayday

More Brexit stumlbing about as the EU sounds alarms.

Brexit Delay Will Not Postpone Deglobalisation

The world economy has experienced deglobasation phases before. How this one differs from its predecessors.

China’s Belt and Road Initiative vs Washington Consensus

An update by Jomo Kwame Sundaram on how China and the US are faring in their use of trade and development policy to foster growth and project power.

FIS and Worldpay’s Merger – Why Its “Bank in a Box” Tech Fantasy Will Go Nowhere

FIS and Worldpay are merging, hyping that they’ll be a bank in a box. Clive looks under the hood and doen’t like what he sees.

Technology: From Copycats to Innovators

How China is cuttting into America’s technology advantage, and how the US can respond.

Bill Black: The Day Orthodox Economists Lost Their Minds and Integrity (#MMT)

Chronicling and debunking more scurrilous attacks against MMT.

Of Course We Can Pay for a Green New Deal, but We Can’t Escape Hard Choices

A high-level discussion of some of the operational issues posed by a Green New Deal.

The EU Is Facing Gigantic Questions About Its Future That Are Hidden in Obscure Bank Policy Decisions

The ECB again rides in to try to paper over fundamental problems with the EU’s structure and to offset is austerity bias by restarting QE. But the EU needs more government spending. Will it take another crisis to get there?

Bill Black: MMT Takes Center Stage – and Orthodox Economists Freak

On the remarkable surge of interest in and attacks against MMT by mainstream economists and pundits.