Ann Pettifor Explains Why Neoclassical Economists Are the Last People To Listen to on Climate Change
A well-warranted takedown of the irresponsible and destructive record of mainstream economists on climate change.
Read more...Category Archives: Economic fundamentals
Fed Ponders How Quickly to Try to Inflict More Pain on the Economy to Get Inflation to 2%
Debates inside and outside the Fed as to what it should do next about inflation pick up as its annual Jackson Hole conference approaches.
Read more...A Russian Paper on New Currency/International Reserve Options Finds No Magic Bullets
A recent paper in a Russian economics journal confirms that there is no simple way out of the dollar hegemony box.
Read more...How Javier Milei Upset Argentina’s Political Status Quo
Yves here. We’re featuring a post from openDemocracy on Argentina’s primary results that had far-right candidate Javier Milei beating the candidates of the two parties that have been in power for two decades. The post is telling, and not in a good way. Milei does advocate extreme views (not that he can go as far […]
Read more...BRICS Officially Confirmed That It Doesn’t Want To De-Dollarize & Isn’t Anti-Western
Yet more evidence that the BRICS aren’t ready to launch a serious anti-dollar/new currency regime.
Read more...Investors Start Thinking About Underpricing of Climate Risk
Some investors are worried that climate risk means their holdings are overvalued. It would be nicer if they worried about the real world too.
Read more...NAM 2.0+G77 vs G7+NATO+OECD+WEF
Jomo warns US policies are creating war and depression, pushing developing nations to strengthen democratic institutions of global governance
Read more...Scientism as a Non-Solution to a Problem that Should Not Exist vs. Science as a Solution to a Problem that Must Be Fixed
KLG continues his investigation of scientism by looking at two canard-infested areas: plastic recycling and industial food production.
Read more...Michael Hudson: Debt, Sponsors of the Wars, Future of USD and BRICS
ichael Hudson on topics old and new: the role of debt in rentier extraction and US hegemony, and the prosepcts for the dollar and BRICS.
Read more...How to Fix Monetary Policy in Advanced Countries
The monetary policy of major central banks in advanced economies have had negative consequences and thus need to be fixed.
Read more...European Gas Price Spike Highlights Painful Exposure To Global Markets
A strike in Australia could reduce global LNG supplies by 10%. European energy security is not what it used to be.
Read more...The Overlooked Role of the Financial Crisis in the Subjugation of Europe
Europe faces permanent economic diminution thanks to following US sanctions But did the financial crisis pave the way for this self-sabotage?
Read more...Angus Deaton on How Neoliberal Ideology Produced Abject US Falling Life Expectancy for Less Educated
Angus Deaton returns to his deaths of despair theme, with updated data and a pointed critique of the role of Chicago School libertarians.
Read more...Oil, Gas, Wages, Interest Rates: Biden’s Other 2024 Risks
A supposedly good economy has not helped Biden much and trends such as oil prices do not look to be in his favor.
Read more...More on the Collapse of Operational Capabilities in the West: How Did We Get Here
Some thoughts on the rapid decline in operational capabilities, or why tons of people, particularly those in charge, are no good at their jobs
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