Category Archives: Economic fundamentals

Michael Hudson: Debt, Liberty and “Acts of God”

How ancient societies forgave debt that became unpayable due to circumstances outside the borrower’s control.

Michael Hudson and Dr. Jeffrey Miron of Cato Debate Capitalism

Michael Hudson sharpens some of his arguments in a discussion with a Harvard/Cato Institute stalwart.

Yanis Varoufakis: Have Merkel & Macron Just Announced a Eurobond-Funded Godsend for the EU?

There’s not a lot of there there in a proposed EU rescue scheme.

The Lockdown Protestors Are Not Working Class

Contesting the messaging about lockdown protests.

How Germany’s Courts Might Destroy the Eurozone

Without an agreed set of rules, the eurozone cannot be sustained. Ironically, as the EU’s biggest creditor, Germany stands to lose the most from its court’s ruling.

Brexit: Yet More Chicken

The same bad Brexit dynamics are very much in place.

Reopening Isn’t Reopening—It’s Cutting Off Unemployment

In case you wondered why conservative states are all gung ho about reopening….

Public Pension Plans in a World of Hurt; Even Loyalists Warning of Grim Prospects

Not surprisingly, public pension fund economics look pretty sick.

Congress and Corporations Join Forces To Crush American Small Business

Funny how that small business bailout worked…..

Is EIA Data Disguising A Disastrous Decline In U.S. Shale?

Tallying some of the recent shale production cuts.

The Wealth Effects of Bailouts: A Quantitative Assessment

Once again, income earned by the many is used to save the wealth of the few.

Foreign Affairs Runs Propaganda from Swedish Employers on Sweden’s Covid-19 Fiasco, Failing to Disclose Sponsorship and Misrepresenting Results

Foreign Affairs runs “dangerous to your health” propaganda from the Sweden without informing its readers.

US Commercial Real Estate Prices Plunged in April, Mall Prices Collapsed

Looking at the bloodbath in commercial real estate…..and worse is almost certainly in store.