Credit markets

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Michael Olenick: The Surprisingly Short Road from Abolitionism to Credit Bureaus

Published by Anonymous (not verified) on Mon, 05/10/2020 - 9:00pm in

Abolitionist Lewis Tappan, the inventor of credit bureaus, would be distressed to see how his creation is being put to use.

Macro N Cheese – Debt Deflation and the Neofeudal Empire with Michael Hudson

Another tour de force by Michael Hudson, this one stressing the role of unproductive real estate in modern debt bondage and Trump's MMT.

Why Americans Need Debt Jubilees, Helicopter Money, and 21st-Century Greenbacks: A 45-minute Conversation with Richard Vague

Published by Anonymous (not verified) on Thu, 01/10/2020 - 7:50pm in

Richard Vague, who has studied financial crises, has honed in on the destructive impact of private debt and the need for debt jubilees.

Looking for the Private Equity Lending Train Wreck in All the Wrong Places?

Published by Anonymous (not verified) on Mon, 28/09/2020 - 8:30pm in

How immient is a bust in private equity related debt?

It’s Time for a Debt “Jubilee”

Published by Anonymous (not verified) on Fri, 18/09/2020 - 7:59pm in

Households and businesses are overloaded with debt. Richard Vague offers a set of proposals for how to restructure it.

Michael Hudson: Debt, Land and Money, From Polanyi to the New Economic Archaeology

Published by Anonymous (not verified) on Sat, 05/09/2020 - 6:52pm in

Tracing key influences on Karl Polanyi as welll as some of his important initiatives after The Great Transformation.

Michael Hudson: How an “Act of God” Pandemic Is Destroying the West: The U.S. Is Saving the Financial Sector, Not the Economy

The coronavirus’ effect has been to help defeat the financial sector’s enemy, governments strong enough to regulate it.

More Giveaways to Capitalist Finance? It’s High Time To Change the Objective

Jan Kregel explains the fundamental problem with the economic system is its focus on providing finance to investors.

How Do Banks Create Money?

Published by Anonymous (not verified) on Wed, 26/08/2020 - 11:55pm in

A short primer on banks from a Modern Monetary Theory perspective.

World Bank’s ‘Mobilizing Finance for Development’ Not Financing Development

Published by Anonymous (not verified) on Tue, 25/08/2020 - 11:55pm in

The World Bank is trying to rebrand a failed public private partnership scheme as "blended finance". Developing countries, beware.