Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Political Economy
Russia has shown no interest in rapprochement with Europe
Russia is keen on developing stronger ties with both China and the EU in order to secure its global economic position. The recent agreement with China to begin Ruble-Renminbi trading in Russia is part of this effort. Last week, Marc…
Celtic Creditors and the Future of Europe and the Euro
by William K. Black The struggle within the EU and the European Central Bank (ECB) over the nature of European project continues. The EU continues to be dominated by the French/German tandem. The Euro, once the great hope of the periphery…
Former US Treasury Secretary Paul O’Neill Calls George W. Bush a Liar on Bloomberg
Paul O'Neill disputes claims by George W. Bush in his book that O'Neill never advised Bush against cutting taxes as he did twice early in his term after the Internet and Technology bubble crashed. O'Neill also says that the "day of…
Sell Bernanke and the U.S. dollar; Buy gold and silver
Who am I? What is Money? The Fed is Here to Help. by Frederick Sheehan Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession…
Big Bang or Endless Crisis?
Muddling through isn’t working. This column argues that troubled Eurozone nations should simultaneously open restructuring talks while continuing to service their debts normally. Germany, France, and other core Eurozone nations would have…
Bail out countries but bail in private, short-term creditors
Despite its large size relative to the small Irish economy, the bailout of Ireland is not working. Risk premiums continue to rise. This column argues that part of the problem lies in a seemingly innocuous provision in the rescue facility…
The Fed: Time For Transparency and Accountability
by L. Randall Wray The Federal Reserve Bank was founded in an act of Congress in 1913, with its primary directive to “furnish an elastic currency.” Its mission was expanded in the aftermath of the Great Depression to include responsibility…
Ireland’s Indentured Servitude
by Michael Schussele The people of Ireland have been impressed into a life of indentured servitude by the financial engineers of the IMF and EU to pay the debts of bankers (723 billion euro of guarantees) which were not their debts and to…
Brazil: we expect to see a continuation of the currency war in coming months
The Brazilian finance minister Guido Mantega continues to worry about the flood of money coming from Europe and the US and has said Brazil will take more steps to defend its currency. Mr. Mantega was quoted saying "With the situation…
Malinvestment, Deficits and Structural Adjustments
I wrote a post about six months ago called "Misunderstanding Modern Monetary Theory" on deficits and resource allocation that I was re-reading. I wanted to add some off-the-cuff comments that might be relevant to today's…