Political Economy

by David Galland With the news cycle lasting only a few days in this Internet era, the hue and cry over the latest airport security measures will be old news to most of you. However, as I don’t have cable and don’t watch television…

Good video of just under 15 minutes on the critical issues on Ireland.

From some reports, you get the impression that Finland is saying "no aid for Ireland." However, from a Reuters story it seems more that the Finns' official position is more that the Irish should not be pushed into a bailout by the…

News reports indicate that Austria is refusing to release its 190 mln euro share of the EU bailout for Greece because it has not met its budget commitments.  The Fin Min Proell says that after reviewing the latest data, there is…

This is a post I wrote at New Deal 2.0 on the potential for a disastrous trade war. There has been a considerable amount of discussion about current account imbalances in light of last weekend’s failed G20 summit. For the most part, the…

We can see it’s still all about the banks in Ireland. This deposit debt guarantee issue is still the critical one. The Irish Independent is talking about total nationalisation of AIB because of the ‘bank run’ hitting Ireland.  And…

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 (McGraw-Hill, 2009) and "The Coming Collapse of the Municipal Bond…

by Michael Hudson Now that President Obama is almost celebrating his willingness to renew the tax cuts enacted under George Bush for the super-rich ten years ago, it is time for Democrats to ask themselves how strongly they are willing to…

Unless the ECB takes fast and dramatic action, it risks destroying the currency it is paid to manage, and allowing a political catastrophe to unfold in Europe. If mishandled, Ireland could all too easily become a sovereign version of…

by Claus Vistesen Life can be incredibly cruel sometimes. Only a week after Bernanke gave markets an early Christmas present with another helicopter drop, the S&P500 is stuttering and it seems, much as many astute observers have…