Heiner Flassbeck shows it defies macroeconomic logic to promote surpluses for Germany, prohibit government deficits everywhere else and forbid the central bank from acting as the central bank of each Euro member.
Read more...Past theories of crises and why they matter now.
Read more...Michael Hudson sharpens some of his arguments in a discussion with a Harvard/Cato Institute stalwart.
Read more...The inescapable dilemma facing social democracy
Read more...The US is willing to practice human sacrifice, rather than explore a way of defining wealth outlined by 19th-century thinker John Ruskin.
Read more...“Nothing fundamental will change.” –Joe Biden
Read more...Why unemployment is a feature of capitalism.
Read more...Why negative interest rates were a bust.
Read more...We don’t have a recovery in sight, but some economists are already worried about inflation.
Read more...On bringing manufacturing back home.
Read more...Will the disruption of Covid-19 deal a major blow to market ideology?
Read more...Using government spending power to bail out financiers and rentiers makes a travesty of MMT.
Read more...It would be nice to go back to something like the old normal. But the coronavirus is still very much in charge.
Read more...Michael Hudson rings the changes on some of his favorite themes: the logic of ancient debt jubilees. and the role of finance in contemporary rent extraction.
Read more...Does Modern Monetary Theory take tax justice for granted?
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