Category Archives: Macroeconomic policy

Bloomberg Describes Europe’s Severe and Sustained Energy Crisis Due to Loss of Russian Gas

Bloomberg is countering the prevaiing cheery narrative that Europe can muddle through its ongoing energy crunch.

Needed Global Financial Reforms Foregone Yet Again

The pathologies that produced the financial crisis are still circulating.

Poland’s Coming Economic Collapse: A Story in 8 Tweets

Why Poland is on its way to becoming an economic basket case.

Tom Ferguson: Worker’s Wages & Leverage are the Real Targets

Why did Corporate Democrats “cede” the economic argument? Are they really fighting inflation or trying to weaken workers’ bargaining power?

You’re Living in a World Wrought by Central Banks. Notice Anything Wrong?

Nomi Prins warns that central banks’ strategies are destroying the real economy, worsening inequality, and creating societal chaos.

Real Progressives Live with Michael Hudson: The Destiny of Civilization

Michael Hudson explains how financial capitalism won the struggle with industrial capitalism and gave rentiers the upper hand.

Satyajit Das: A Disordered World – Part 2: Susceptibilities

Satyajit Das continues his tour of the breakup of the world order, here focusing on financial/economic dislocations and dysfunctional elites

Sunak Has Been Set Up To Fail and the Likelihood Is That He Will

Rishi Sunak has a Mission Impossible even before getting to his bad impulses. Most countries in the West face the same long list of problems

In Just 44 Days, Liz Truss Has Made the UK Immeasurably Worse

Truss’ legacy will be one of a tanking pound, soaring inflation, and a seemingly inevitably recession.

Wheels Come Off for Tories. Update: Truss Resigns

The Tories, who not long ago seemed poised to permanently cripple Labour, are now in a remarkable crisis with no ready exit.

Central Bank Myths Drag Down World Economy

Central bank dogma over inflation is pushing the world economy into recession, with many dire consequences for poorer countries.

Brexit Britain Is All Alone in a Senseless Pursuit of Disaster Capitalism

As other nations return to state-led investment, Truss and Kwarteng act to weaken the democracy, economy and rights of Britain.

Satyajit Das: The Financial Party Is Coming to an Abrupt End

There seems to be no escape from looming economic and financial problems, but the officialdom will do it best to delay the reckoning.

Why Black Wednesday Still Matters – It Was the Start of Markets Telling Politicians What to Do

Alexis Stenfors assesses the importance of Black Wednesday as a juncture in the history of central banks. By showing they could beat the Bank of England, traders changed the entire power relationship.