US Billionaire Naguib Sawiris and his Contrack Watts, a major US defence contractor, turn out to have ties to North Korea, via an amazingly profitable mobile phone company
Read more...Why you should expect and applaud federal deficits.
Read more...Focusing on German wage “moderation,” as in restriction, leads to a neat, plausible, and wrong tale of what caused the Eurozone crisis.
Read more...How does the Fed control interest rates? A primer.
Read more...Hillary as a neoliberal is not your friend….unless you are a member of the 1% or on their meal ticket.
Read more...Why the crisis in Flint, Michigan is about race and class, and the American nightmare of metastasizing inequality of wealth and power.
Read more...Today’s richest Americans may soon blow past the tycoons of the Roaring Twenties.
Read more...Even though the former chief economist of the BIS calls for a debt jubilee, it’s only part of the medicine needed to get the economy out of the ditch.
Read more...The attacks on Sanders from Wall Street are getting ever more shrill….about time the felt some heat.
Read more...The history of the political calculus that led the Democratic Party to turn its back on its traditional base, the working class, and how that’s coming back to bite now.
Read more...The failure to use fiscal policy in tandem with monetary policy means that the timid and short-sighted private sector has lacked confidence to ratchet up investment in productive, income-generating activity – as opposed to speculative activity.
Read more...The Clinton campaign is too obviously interested in its success over that of the nation. And despite the Sanders surge, it still believes in its inevitability.
Read more...Yves here. Sometimes it is best to let things speak for themselves. In that spirit, I am embedding a very important paper by the well-respected investment management firm GMO which debunks the tenets of “sound finance,” meaning the claim that governments need to balance their budgets. I expect to be referring to it regularly, particularly […]
Read more...Why economic failures argue for the need for more democratic control over policy, or at least the ability to cut the power of institutions that get it wrong.
Read more...How the struggle over who controls the commons, the monied classes or a broader group of citizens, reveals the fundamental contradictions of capitalism.
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