An Attack on Paul Krugman

Republished with permission on Global Geopolitics & Political Economy Read the article in its original form on Advisor Perspectives By Michael Edesess A foundational principle of modern economics is that the creation of credit leads to economic growth. That precept underlies need for quantitative easing, and it is central to the question of what role [...]


What Americans can Learn from Eurocrisis

The Real News Network May 10, 2012 Michael Hudson: From the Democratic Party to European “Socialists”, they manage crisis in the interests of finance More at The Real News


First-time Homebuyer Tax Credit was Temporary Fix At Best

The credit led to an enormous transfer of wealth to sellers and lenders at the expense of buyers. For Immediate Release: April 18, 2012 Contact: Alan Barber, (202) 293-5380 x115 Washington, D.C.- In February of 2009, with the housing market in a free fall, Congress decided to add a first-time homebuyer tax credit to the [...]


Angels Invest Where Banks Dither

Global Geopolitics & Political Economy / IDN By Ramesh Jaura IDN-InDepth NewsReport BERLIN (IDN) – For innovative young folks, angels are by no means mythical beings or messengers of God as depicted in the Hebrew and Christian Bibles and the Quran. They are flesh-and-blood source of equity capital at the seed and early stage of [...]


IMF Seeks Asia’s Help to Tackle Eurocrisis

Global Geopolitics & Political Economy / IDN By J. C. Suresh IDN-InDepth NewsReport TORONTO (IDN) – When an international commission headed by Nobel laureate Willy Brandt drew attention to global economic interdependence in its report in 1980, the world was divided between rich North and the poor South. More than three decades later, the International [...]


U.S.: A Credit Union to Bail Out People, Not Big Banks

Global Geopolitics & Political Economy / IPS By Judith Scherr SAN FRANCISCO, California, Jan 21, 2012 (IPS) – Occupy activists from Wall Street to San Francisco’s financial district have dramatised their anger with big financial institutions by blocking JP Morgan Chase Bank doorways, dancing atop Wells Fargo counters, pitching a tent in a Bank of [...]


19 Million Jobs For U.S. Workers: The Impact Of Channeling $1.4 Trillion In Excess Liquid Asset Holdings Into Productive Investments

A new report is available at the Political Economy Research Institue, PERI. 19 Million Jobs For U.S. Workers: The Impact Of Channeling $1.4 Trillion In Excess Liquid Asset Holdings Into Productive Investments Pollin, Robert | Heintz, James | Garrett-Peltier, Heidi | Wicks-Lim, Jeannette | 12/5/2011 Download the full report from the PERI Website 1.2 MB [...]


Banks Holding 1.4 Trillion, Could Create 19 Million Jobs

The Real News Network December 21, 2011 Bob Pollin: Study looks at impact of 1.4 trillion in excess liquid asset holdings if put in productive investments More at The Real News


Eurozone Crisis Enters New Phase as ECB Fights Europe for Austerity

Repubished on Global Geopolitics & Political Economy Folha de São Paulo (Brazil), December 7, 2011 Read the article on the original site. By Mark Weisbrot The house is on fire and the owners are arguing about what kind of safety regulations should be implemented in the future so as to prevent these types of fires. [...]


$7.7 Trillion to Wall Street – Anything to Keep the Banksters Happy!

Global Geopolitics & Political Economy Originally Published on Truthout Saturday 3 December 2011 Read the article in its original form on Truthout By: Thom Hartmann, Truthout | News Analysis Do you know who Elizabeth Duke is? How about Donald Kohn or Kevin Warsh? No? Well – you should. Because while Congress was debating back in [...]