Search Results for: inflation

“My alternative proposal on trade with China”

By Warren Mosler* We can have BOTH low priced imports AND good jobs for all Americans Attorney General Richard Blumenthal has urged US Treasury Secretary Geithner to take legal action to force China to let its currency appreciate. As stated … Continue reading

The Coming European Debt Wars

By Michael Hudson(Portions of this essay appeared in today’s Financial Times) Government debt in Greece is just the first in a series of European debt bombs that are set to explode. The mortgage debts in post-Soviet economies and Iceland are … Continue reading

Operation Twist, Part Deux?

by Marshall Auerback and Rob Parenteau Who funds our budget deficit? It is a question taking on increasing significance, given the recent back up on longer-dated bond yields, which has been explained by many as a “buyers’ strike” in response … Continue reading

“Britain Not Part of Any Greek Tragedy”

By Marshall Auerback* They certainly know what “schadenfreude” means in Germany. But the attempt by the German paper, Der Spiegel, to link the UK to the travails of Greece, takes the concept to a malicious and irrational extreme: The British … Continue reading

Greece Cannot Reduce Its Budget Deficit So Long As Its Neighbors Pursue Mercantilist Policy

By Yeva Nersisyan When the 12 European Nations raced to embrace the single currency, euro, it was supposed to be a forward step in the process of European Integration, towards the United States of Europe. In retrospect, the euro has … Continue reading

Interview with Randall Wray about Greece’s Debt Crisis

See below Prof. L Randall Wray’s interview for the Greek newspaper (Eleftherotypia) about Greece’s debt crisis. By Chronis Polychroniou*This is an english translation of the greek publication. 1.Goldman Sachs created financial instruments to hide European government debt and Greece is … Continue reading

Memo To Greece: Make War Not Love With Goldman Sachs

By Marshall Auerback And L. Randall Wray In recent weeks there has been much discussion about what to do about Greece. These questions become all the more relevant as the country attempts to float a multibillion-euro bond issue later this … Continue reading

Latvia’s Neoliberal Madness

By Michael Hudson and Jeff Summers While most of the world’s press focuses on Greece (and also Spain, Ireland and Portugal) as the most troubled euro-areas, the much more severe, more devastating and downright deadly crisis in the post-Soviet economies … Continue reading

Wall Street Still Doesn’t Get It

Peasant Insurance, Greek Debts, and CLX Derivatives By L. Randall Wray Forget the bonuses. Sure, it is disgusting that Wall Street is funneling government bail-out funds straight to what my colleague Bill Black calls the “control frauds”—the top managers of … Continue reading

“Greece Signs its National Suicide Pact”

By Marshall Auerback Agreement has been reached in Europe on a “rescue” package for Greece. But it’s no cause for celebration. It’s the kind of “rescue” sensation one experiences after paying out what’s left in one’s wallet when confronted with … Continue reading