On finance, real estate and the powers of neoliberalism
This is Guns and Butter Suppose a country owes money to another nation’s government or official agency. How can creditors collect, unless there’s an international court and an enforcement system? The IMF and the World Bank were part of that enforcement system and now they’re saying: ‘We’re not going to be part of that anymore. We’re ...
Interview with Antti J. Ronkainen, January 11, 2016, for Revalvaatio (Finland). Edited transcript. The Federal Reserve is the most significant central bank in the world. How does it contribute to the domestic policy of the United States? The Federal Reserve supports the status quo. It would not want to create a crisis before the election. Today ...
Paul Craig Roberts and Michael Hudson Two years ago, Russian officials discussed plans to privatize a group of national enterprises headed by the oil producer Rosneft, the VTB Bank, Aeroflot, and Russian Railways. The stated objective was to streamline management of these companies, and ...
Cross-posted from Paul Craig Roberts, who gives a very kind review of Killing the Host. February 1, 2016 The West Is Traveling The Road To Economic Ruin Paul Craig Roberts Michael Hudson is the best economist in the world. Indeed, I could almost say that he is the only economist in the world. Almost all of the ...
