Göran Perssons hjältesaga — en farlig lögn Göran Perssons ord från mitten av 1990-talet ekar fortfarande genom svensk politik. Varje politiskt förslag som kan höja statsskulden bemöts av varningar om hur Sverige på den tiden stod på ruinens brant. Perssons resa till New York, där han enligt egen utsago tvingades gå med mössan i hand till Wall Streets lånehajar och utlova nedskärningar, har blivit en svensk lägereldsberättelse, en hjältesaga där resan och...

I live halfway between Phoenix and Tucson. Pretty much what you would call desert if you were new to the area like I am. Water is an issue as much of it comes from the Colorado river. The limits to draw water from the Colorado are still being determined or in a flux. The states are jockeying for more to insure growth. Nothing is stopping our small city from issuing more building permits. Irrigation efficiency for who? – The one-handed economist,...

Κείμενο υπογραφών 34 πανεπιστημιακών υπέρ της ψήφου στην ΑΝΤΑΡΣΥΑ στις εκλογές (η συλλογή υπογραφών συνεχίζεται). Για το μέτωπο παιδείας και εργασίας απέναντι στο επιχειρηματικό πανεπιστήμιο Τις τελευταίες δεκαετίες, όλες οι συστημικές κυβερνήσεις έχουν θέσει στο στόχαστρο το δημόσιο πανεπιστήμιο. Στόχος τους είναι η απαξίωση και η συρρίκνωσή του έτσι ώστε να ανοίξει ο δρόμος για ιδιωτικά πανεπιστήμια, που να προσπορίζονται κέρδη για τους φανερούς και κρυφούς ιδιοκτήτες τους. Η...

The anatomy of financial crises Black Friday 1929 market fundamentalist wet dreams of eternal growth took a serious hit. The stock market bubble exploded and crashed. Today​ we have a stock market situation starting to more and more remind us of that in 1929. Those of us who know Keynes-Fisher-Kindleberger-Minsky-Shiller and have not completely forgotten all about economic​ history are beginning to worry. My presentation The anatomy of financial...

This blog first announced itself to the world 21 years ago, on 21 June 2002. Since then, I’ve said a lot of things that seem worth repeating, as well as some that haven’t aged quite so well. To celebrate the age of majority, I’m going to start recycling posts, one day at a time. See what you think Share this:Like this:Like Loading...

Financial leaders dominated by economists?

Housing under construction increases back close to record; good economic news, but ammunition for a hawkish Fed  – by New Deal democrat Last month I wrote that “the Fed’s sledgehammer attempt via one of the most aggressive rate hike campaigns in its history appears to be on the verge of failure. That’s because housing construction, more than a year after the Fed started its campaign, is not meaningfully cooperating.” This month’s report did...

[unable to retrieve full-text content]Discussion by Michael Hudson with Kin Chi Lau, Global University, Hong Kong, June 5, 2023 There’s a big dam on the Dnieper River that supplies all of the water to Crimea and they blow it up. Thousands of homes have been flooded. Naturally, the Ukrainians said the Russians did it. The reason that Crimea was Continue Reading The post Yellen’s Daydream first appeared on Michael Hudson.

Climate change is destroying generation lives

[unable to retrieve full-text content]Patrick Lovell Hi, my name is Patrick Lovell, and I want to welcome you to our latest effort in this podcast that I find myself incredibly compelled to do considering the confusion that we’re all in the midst of. I’m a producer of a five part docuseries known as The Con that is currently available Continue Reading The post A Peculiar Grift first appeared on Michael Hudson.