Michael Hudson: From Junk Economics to a False View of History – Where Western Civilization Took a Wrong Turn
Hudson reviews how economics has misrepresented the evolution of money and land ownership and promoted oligarchy.
Read more...Category Archives: Economic fundamentals
The G7 Is Still Pushing Its Nutty Russia Oil Price Cap Idea
A new effort to punch Russia in the nose look as likely to backfire as earlier attempts, charitably assuming the scheme gets off the ground.
Read more...Fossil Fuel Interests Are Behind Canada’s Blue Hydrogen Push
Fossil fuel producing Canada is promoting the blue hydrogen con.
Read more...The Coming Sanctions-Induced Economic Tsunami?
It does not take much in the way of prognostication skills to anticipate that things can get way way worse on the economic front.
Read more...Welfare Can Discourage Crime More Than It Discourages Work
Who’d have thunk it? Income support, such as welfare, reduces crime.
Read more...Weaponizing Free Trade Agreements
free trade agreements may increasingly become economic weapons in the new Cold War, disrupting earlier globalization.
Read more...The Fed Tackles Kalecki
A well regarded paper by Fed researchers challenges conventional views on the relationship between inflation and employment
Read more...Oil Markets Could Face A Doomsday Scenario This Week
How will oil markets react if they get confirmation that OPEC+ has no spare production capacity?
Read more...“G7 Aims to Hurt Russia with Price Cap on Oil Exports”
If this harebrained Russia oil price cap scheme gets off the ground, it’s likely to be yet another Western economic own goal.
Read more...“Why the Ukraine Crisis Will Make Little Difference to Dollar Supremacy”
Why the depth of the U.S. securities market will extend dollar hegemony beyond what would seem to be its natural sell-by date.
Read more...How Greedy Corporations Fuel Inflation
How companies are adding to inflationary pressures by increasing prices when not warranted by costs.
Read more...WTO 12th Ministerial Conference Continues Sorry Record of Anti-Worker, Anti-Developing Economy Policies
After pretenses that it might be more solicitous towards people, as opposed to big companies, the WTO followed the money masters.
Read more...Lithuania’s Step Too Far — Blockade of Kaliningrad Draws No Support from US, UK, EU, NATO, as Russia Prepares “Practical Steps”, “No Diplomacy”
If it doesn’t pull back on its interference with Russian shipments, Lithuania is set to get whacked for messing with Kaliningrad.
Read more...Estimating the Short-Term Impact of War on Economic Activity in Ukraine
A rosy-seeming view of how Ukraine’s economy is faring.
Read more...Michael Hudson: The Fed’s Austerity Program to Reduce Wages
The Fed, following neoclassical orthodoxy, hates having ordinary workers properly paid.
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