The Battle for Money Has Begun
Why the current fights over money, banking, and Modern Monetary Theory look like new ways to achieve bad neoliberal ends.
Read more...Category Archives: Free markets and their discontents
OCC Covering Up for Wells Fargo Type Abuses at Other Banks
The OCC found lots of bad bank conduct in retail-land, but refuses to say anything about who is cheating and what they are up to.
Read more...More Brexit Insanity: Corbyn Proposes Dead-on-Arrival, Misbranded “Soft” Brexit; Auto Part Makers to Take Huge Hit; Irish Border Groundhog Daze
Brexit madness is only getting worse….
Read more...Jim Chanos on Fraud: “Cryptocurrency Is a Security Speculation Game Masquerading as a Technological Breakthrough”
The legendary short seller Jim Chanos in a wide-ranging discussion of financial frauds, starting with cryptocurrencies: Bitcoin is the last thing he’d want to own in the event of a catastrophe.
Read more...Wall Street Journal: Why Bashing Chinese Steel Dumping Results in Bashing Allies
Why combatting Chinese steel dumping is harder than it seems.
Read more...Richard Murphy: Why the Swiss Referendum Proposal of Giving the Central Bank Complete Credit Control is Dangerous Folly
Correcting some misunderstanding about proposed monetary reforms that are the subject of a referendum this weekend.
Read more...China Rx: How the US Depends on China for Its Drugs
Why does China need a military? It could bring the US to its knees in months by withholding shipments of drugs and drug ingredients.
Read more...More Evidence of Increasing Deflationary Pressure on Wages
Bosses on wages: “No more raises for you!”
Read more...Did Italy’s 5 Star-Lega Coalition Blink in Its First Standoff With Eurocrats and Banksters?
Taking stock of the opening moves in the confrontation between Italy’s upstarts and the European establishment.
Read more...How Puerto Rico’s Death Toll Was Ignored, and Could Have Been Avoided
Why the death toll in Puerto Rico in the wake of Hurricane Maria was so disgracefully high.
Read more...NIRP’s Revenge: Italian Bonds Plunge, Worst Day in Decades
Markets wail and gnash their teeth as normalization of Italian yields sets in.
Read more...How Media Amnesia Has Trapped Us in a Neoliberal Groundhog Day
How the media became the useful idiot of neoliberalism.
Read more...Italy’s Political Crisis….How Ugly Might It Get?
Identifying issues that may influence how Italy’s political crisis over the rejection of a Lega Nord-5 Star economy minister plays out.
Read more...Stock Market Borrowing at All Time High, Increasing Risk of Downdrafts
I find it hard to get excited about stock market risks unless defaults on the borrowings can damage the banking/payments system, as they did in the Great Crash. This is one reason the China perma-bears have a point: even though the Chinese government has managed to do enough in the way of rescues and warnings […]
Read more...How Institutional Dysfunction Has Enabled Poor Economic Policy Thinking
How economic research practices and the role of academic journals helped create and reinforced an orthodoxy that was able to miss that the crisis was coming.
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