RADHIKA DESAI: Hi everyone, welcome to this eighth Geopolitical Economy Hour,…. And this will be the fourth and final show on de-dollarization....Video and transcript.Geopolitical Economy ReportDe-dollarization is about more than currencies: As dollar system declines, what comes next?Radhika Desai and Michael HudsonCrossposted at Michael Hudson's blog with the title "The QE Quandry"

[unable to retrieve full-text content]In this episode of their program Geopolitical Economy Hour, Radhika Desai and Michael Hudson discuss de-dollarization, the global drive to drop the US dollar, and the transition away from financialized neoliberalism toward a new economic system. You can find more episodes of the Geopolitical Economy Hour here. Podcast Transcript (smoothed) RADHIKA DESAI: Hi everyone, welcome Continue Reading The post The QE Quandry first appeared on Michael Hudson.

Yesterday was May Day, celebrated as the Labour Day public holiday here in Queensland*. And this week, appropriately enough I’m giving two presentations on the case for a four-day working week, one to the Committee for Economic Development of Australia, a business-oriented thinktank, and one to a parliamentary inquiry. I started writing a post about the prospect of a radical change in the relationship between workers and managers in the information economy, arising from the...

Lars Syll expands on a quote of Dirk Ehnts, a German MMT economist.Lars P. Syll’s BlogWhy MMT is neededLars P. Syll | Professor, Malmo University

There is something deeply wrong with the world under Capitalism when the poorest countries in the world pay more out on debt servicing to loans that the wealthy countries have provided than they do on maintaining their health care services. I have been examining data derived from the World Bank WDI database and the IMF WEO database pertaining to the debt sustainability of the poorest nations in the world. Using 2019 data (most recent) 64 nations, for which coherent data is available, spend...

Capitalism is BROKEN

Why MMT is needed Mainstream economists do not believe that “countries that borrow in their own currency should not worry about government deficits because they can always create money to finance their debt.” Looking at the result from a survey, not a single economist agreed with that statement. If these economists had been right, we would see lots of governments running out of money in 2020 and 2021. After all, tax revenues collapsed, government spending...

Commenter Fred Dobbs reports (NYT) on the seizure of First Republic Bank by banking regulators in the comments section of Angry Bear. I am beginning to wonder how many more seizures will occur. How many failures are resulting from the loosening of Dodd-Frank? It appears the Fed has a greater impact on banks than Labor. JP Morgan Chase to the rescue . . . Earlier Angry Bear commentary on Dodd – Frank here and here. Fred Dobbs comment; First...

Dan had this one in drafts. Read it, liked it, relevant today, relevant to the SCOTUS BS, relevant to how Congress lets them get away with stuff, and where the hell is Joe Biden on this stuff? Sirota sums up the issues with the let-alone-Democrats rather well. Did some editing. The Democrats Are Enabling the Right’s Supreme Court Takeover, rsn.org, David Sirota/Jacobin 02 july 22 Chief Justice John Roberts is spearheading the right’s judicial...

.[embedded content]