Michael Hudson: Modern (Mis)interpretations of Ancient Debt Cancellation
Modern economists misrepresent how ancient debt cancellation worked, forcing it into contemporary neoliberal /creditor rights frameworks
Read more...Category Archives: Economic fundamentals
Status of Banks’ Unrealized Losses in Q1: Worsened After Brief Rate-Cut-Mania Relief
US banks are still sitting on losses, with Fed relief nowhere in sight.
Read more...Lost in the Green Transition: Which Workers Win and Lose
Most green energy boosters skip over which workers will win and lose. This post addresses that oversight.
Read more...Remember Headlines 2 Weeks Ago, Labor Market “Suddenly” Weakens as Unemployment Claims “Spike”: It Just Got Unwound
A wee unpacking of unemployment data to show how Fed rate cut cheerleaders are still ahead of themselves
Read more...U.S. Remains Painfully Dependent on China for Silicon and Solar Panels
Yet another own goal in the US economic war against China. We chose to make ourselves dependent and don’t like where we are.
Read more...Satyajit Das: The Economic Costs of Modern War
How economic, military and political costs and consequences are intersecting in the Ukraine and Israel-Palestine conflicts
Read more...Trump Versus Biden: The Substantial Fall in Real Wages for Most Workers Under Biden
An important new paper contradicts Democratic pundits, showing that most workers lost in real wage terms under Biden
Read more...US Trade Desperation: Trump Insider Robert Lightheizer Recommends Third-World Capital Controls to Achieve Balanced Trade
New desperate ideas to fix chronic US trade imbalances, like capital controls, are getting a hearing.
Read more...Dr. Jill Stein & Michael Hudson: Fighting Russia & China to Last American: Destroying US From Within
The high cost and risks of the Biden Administration commitment to pursue forever wars with Russia and China.
Read more...The IMF’s Chronicle of a Catastrophe Foretold
A dour IMF forecast bodes ill for developing economies and provides more confirmation of crises in the offing.
Read more...How Geopolitics Is Changing Trade
Western measures against Russia and China measures have affected global trade. But what of actual winners and losers?
Read more...Where Have All the Babies Gone? Falling Birthrates All Over the World Alarm Leaders, Businessmen, Economists
On the baby bust/falling birthrates freakout.
Read more...Elections and Devaluations
Quelle surprise! Regimes facing elections often goose their economies, leading to currency appreciation pre-vote and devaluations afterwards.
Read more...Michael Hudson: Parallels Between Archaic Entrepots and Modern Offshore Banking Centers
There is perilous little that is novel in modern finance. Our offshore, as in tax havens, have analogues in the ancient world.
Read more...How Trade Liberalisation Kicked Away African Development Ladder
How trade liberalization cut Africa’s modest production capacities, industry and food security.
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