By Yanis VaroufakisDec 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 )
By Michael HudsonSep 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 )
Staff / TruthdigJul 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 )
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Chris Hedges / TruthdigApr 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 )
Staff / TruthdigNov 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 )
Staff / TruthdigNov 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 )
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