The U.S. financial system remains unreformed, and no one in any position of power will do anything to fix it. The only question is when the bubble will burst.
Angry demonstrations over economic issues put new pressure on President Hassan Rouhani. The prices of several staples, including eggs, have risen by up to 40 percent in recent days.
There is no way the U.S. will ever pay back a $20 trillion federal debt. Maybe the government should sell some of it to our central bank.
Economist Richard Wolff explains how corporate banks and politicians exploit the system of money printing to gain political capital or warrant military efforts.Economist Richard Wolff explains how corporate banks and politicians exploit the mechanism of money printing to garner political capital or justify military action.
Instead of privatizing public assets and delivering taxpayer money to investors, the president-elect could fund his promised infrastructure projects by simply printing money.
It's been called crazy talk. But the solution of Abraham Lincoln and the American colonials may be the only sane response to a $19 trillion federal debt that has doubled over the last 10 years.
In a landmark infrastructure bill passed in December, Congress finally tapped into the Federal Reserve for infrastructure funding. Some experts say legislators should go further and authorize funds to be issued directly.
What’s in store for the world economically in the new year? While he cautions against predictions, Guardian economics editor Larry Elliott projects that “there will be no explosion in 2016, but a fuse will be lit.”
After the discovery of a potentially rich oil deposit in the contentious Essequibo region in Guyana, Venezuela’s President Nicolás Maduro appears intent on exploiting his neighbor’s land.
The September/October issue of Foreign Affairs features an article titled “Print Less But Transfer More: Why Central Banks Should Give Money Directly To The People.” It’s the sort of thing normally heard only from money reformers and Social Credit enthusiasts far from the mainstream. What’s going on?