A look at the state of US economy – bail-ins, derivatives, austerity
Alan Greenspan
Today marks the 15th Anniversary of the tragic events of September 11, 2001 and yet the American public remains in the dark about critical details of…
When it comes to collecting on student loans, the U.S. Department of Education treats college dropouts the same as Ivy League graduates: They just want…
The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project,…
The Credit Market Is Manipulated Giant American banks said they had to be bailed out or else the American economy would crash. It wasn’t just the…
The Trans-Pacifc Partnership (TPP) Agreement, recently agreed to by twelve Pacifc Rim countries led by the United States,1 promises to ease many restrictions on cross-border transactions…
Power elites, blinded by hubris, intoxicated by absolute power, unable to set limits on their exploitation of the underclass, propelled to expand empire beyond its…
There is an indisputable and sad fact: capitalism as a mode of production and its political ideology, neoliberalism, are so thoroughly established globally that it seems to make any real…
“The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.”…
It goes without saying that humans are good at causing problems. Climate change, overfishing and widespread environmental contamination from chemical toxicants are all creations of…
Germany's finance minister, Wolfgang Schauble, has drawn opprobrium and praise in equal measure for his suggestion that Greece takes a "time-out" from the eurozone. In…
As most people know, economists are good at rewriting history. We have seen this in the last few years as the collapse of the housing…