deflation

Bitcoin and the Dangerous Fantasy of ‘Apolitical’ Money

By Yanis Varoufakis Dec 26, 2013 The crash of 2008 infused our societies with enormous skepticism of government and central bank authority. Naturally, many dream of a currency that politicians and bankers cannot manipulate. Bitcoin has emerged as the great white hope of something of the sort. Alas, that hope is false. Dig deeper ( 11 Min. Read )

The Insider’s Economic Dictionary: D Is for Debt

By Michael Hudson Sep 15, 2013 Dependency: the loss of choice. Establishing a world system based on foreign dependency is the aim of the Washington Consensus. Dig deeper ( 8 Min. Read )

Paul Krugman Is Freaking Us Out

Staff / Truthdig Jul 12, 2010 He's a one-man downer, but mainly because he's smart, credible and pulls no punches. In his latest New York Times column, the Nobel Prize winner warns that the Federal Reserve isn't taking a negative enough view of the economy -- with potentially dire consequences. Happy Monday to you, too, Paul. Dig deeper ( 1 Min. Read )

Obama Has Missed His Moment

Chris Hedges / Truthdig Apr 27, 2009 The president had a fleeting moment to challenge the casino capitalism and financial recklessness of our economic and political elite. He could have orchestrated a state socialism that would have provided a safety net for tens of millions of Americans faced with dislocation and misery. Dig deeper ( 4 Min. Read )

Obamanomics = Rubinomics?

Staff / Truthdig Nov 25, 2008 Judging by the new additions to Barack Obama's economic squad, the president-elect appears to be borrowing heavily from Robert Rubin's ranks, but here's an argument as to why Obama's approach will differ from Rubin's (but consider the source here). Dig deeper ( 1 Min. Read )

Deflation Dangers Daunt the Economy

Staff / Truthdig Nov 19, 2008 Analysts believe the economy is already in "horrific shape" -- with news this month of record-breaking drops in the cost of living and new home construction -- and is inching closer to a dangerous deflationary period, which could worsen the current economic crisis by making debts even harder to repay. Dig deeper ( 1 Min. Read )

Greenspan’s Legacy

Mike Luckovich / Truthdig Sep 22, 2007 Dig deeper