Category Archives: economics

Abbott’s not-so-golden years | Steve Keen | Commentary | Business Spectator

Abbott’s not-so-golden years via Abbott’s not-so-golden years | Steve Keen | Commentary | Business Spectator.     As figure one shows, that’s true – but it’s not the whole story. Yes, public debt did fall under Howard — but the fall actually began in 1994, during the last two years of the Keating government. However […]

Overview: The Bubble and Beyond: | Michael Hudson

From Overview: The Bubble and Beyond: | Michael Hudson. The question today is whether a new wave of reform will arise to restore and indeed complete the vision of classical political economy that seemed to be shaping evolution a century ago on the eve of World War I, or whether the epoch of industrial capitalism […]

The Debtwatch Manifesto | Steve Keen’s Debtwatch

via The Debtwatch Manifesto | Steve Keen’s Debtwatch. The fundamental cause of the economic and financial crisis that began in late 2007 was lending by the finance sector that primarily financed speculation rather than investment. The private debt bubble this caused is unprecedented, probably in human history and certainly in the last century (see Figure […]

No Tech Magazine: The Sustainable Urban Dwelling Unit SUDU

via No Tech Magazine: The Sustainable Urban Dwelling Unit SUDU. The Sustainable Urban Dwelling Unit SUDUSUDU 3The ‘Sustainable Urban Dwelling Unit’ SUDU in Ethiopia demonstrates that it is possible to construct multi-story buildings using only soil and stone. By combining timbrel vaults and compressed earth blocks, there is no need for steel, reinforced concrete or […]

Democracy and Debt | Michael Hudson

via Democracy and Debt | Michael Hudson. “Anyone who gave credit to a prince knew that the repayment of the debt depended only on his debtor’s capacity and will to pay. The case was very different for the cities, which had power as overlords, but were also corporations, associations of individuals held in common bond. […]

Heresy in the shadow of the City

via Suitpossum: Fragments of Financial Subversion: Heresy in the shadow of the City: Max Keiser sacrifices the sacred cows of finance. Max has made an artform out of passionate advocacy of deeply heretical points of view. Where some people would sound preachy and self-righteous, Max just sounds indignant, pissed off, and funny to boot. He […]

$707,568,901,000,000: How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107 Trillion In 6 Months | ZeroHedge

via $707,568,901,000,000: How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107 Trillion In 6 Months | ZeroHedge. While everyone was focused on the impending European collapse, the latest soon to be refuted rumors of a quick fix from the Welt am Sonntag notwithstanding, the Bank of International Settlements reported a number that […]

Poof it’s gone! – YouTube

Poof it’s gone! – YouTube.

Iceland’s New Bank Disaster « naked capitalism

The New Banks have written off claims on major corporate debtors, whose continued operations have ensured their role as cash cows for the banks’ new vulture owners. But household debts acquired at 30 to 50 percent of face value have been re-valued at up to 100 percent. The value of owners’ share equity has soared. […]

Steve Keen interview on Capital Account (11/10/11) – YouTube

Capital Account with Lauren Lyster (11/10/11) – YouTube.