The prominent Left-wing intellectual Perry Anderson has just published a comprehensive and crushing indictment of the EU from its beginnings to the present. Robert Tombs provides a summary for those who might balk at reading the whole 50,000 words.… Read More A Devastating Indictment of the EU
In times of crisis we should encourage — not penalise — critical thinking… Read More We Need Scepticism More Than Ever
This is not your grandmother’s “yield curve control.” There is only one thing that could force this ECB absurdity to end: a big bout of inflation… Read More Central Bank Machinations with No Exit: ECB Leaks New Thingy, It’s Doing Yield Spread Control
In the last three months, tech giants have censored political speech and journalism to manipulate U.S. politics, while liberals, with virtual unanimity, have cheered.… Read More How Silicon Valley, in a Show of Monopolistic Force, Destroyed A Rising Competitor in Just Three Days
Or Let the Markets Go Wild While the People Go Down… Read More War of the (Financial) Worlds
If you sell culture war all day, don’t be surprised by the real-world consequences… Read More We Need a New Media System
Following the stock market crash in 1929, more than 9,000 banks in the United States failed over the next four years. In just the one year of 1933, more than 4,000 banks closed their doors permanently as a result of insolvency… Read More Wall Street’s Casino Banks Party Like It’s 1929
What happened is shocking, heartbreaking, and previously unthinkable… Read More In Crazy Banana-Republic Moment, Mob Storms U.S. Capitol, Senate & House. Lawmakers Evacuated. But No Problem, Stocks Are Up
Triggering a showdown — Government of Mexico v. Central Bank — over paper dollars, with ramifications in the US and globally… Read More Paper Dollars in Circulation Globally Spike. But a Mexican Bank Can No Longer Unload its Hoard of Paper Dollars
The former Harvard President and Treasury Secretary offers important thoughts on the negative consequences of aid to the less fortunate. By Matt Taibbi and cross-posted from his substack account. Lawrence Summers, the former Treasury Secretary under Bill Clinton, director of the National Economic Council under Barack Obama, president of Harvard, and Chief Economist at the… Read More Neoliberal Champion Larry Summers Opens Mouth, Inserts Both Feet
Bloomberg News attempts to capture the “speculative frenzy” of today’s markets; here’s the key stuff it missed.… Read More Welcome to a Rerun of the Roaring ’20s
Washington is not about people, it’s about money… Read More Pork for Christmas
