Truthdig - Tag - Institute For The Study Of Long Term Economic Trends

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Lock Up Washington

Rise Up or Die

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The Promise of a Courageous Al-Jazeera America May Be Fading

California Man Sues Officers He Says Nearly Beat Him to Death

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A Step Closer to Immigration Reform

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Our God of Imagination

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The Election of 2000: Reports and Interpretations

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Tag: Institute For The Study Of Long Term Economic Trends

walknboston (CC BY 2.0)

How the Rentier Class Cannibalizes the Economy

By Michael Hudson, ISLET —

Rather than mobilizing savings to fund new industries, the banking system that comprises the financial, insurance and real estate sectors merely loads the economy down with debt.

Posted on Jan 11, 2013 READ MORE

j3net (CC BY-SA 2.0)

The Fiscal Cliff: An Opportunity for a ‘Deceptive Economic Theory’

Economists predicted the fighting would last six months when World War I broke out in 1914. Wars were too expensive to be sustained, and the approaching fiscal cliffs would soon enough force the nations involved to negotiate a peace treaty. But they didn’t, because those governments simply printed more money, Michael Hudson writes in the first of a series at CounterPunch.

Posted on Jan 1, 2013 READ MORE

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