moral hazard

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Michael Hudson: Plato, Aristophanes and Aristotle on Money-Lust, 399-380 BC

Published by Anonymous (not verified) on Fri, 23/04/2021 - 8:19pm in

While Plato, following Socrates, saw money as leading to hubris, Greek philosophers didn't care much for working men either.

What is the Bullshit Economy?

Published by Anonymous (not verified) on Tue, 13/04/2021 - 7:00pm in

Establishing some first principles of the bullshit economy.

Guantánamo Prisoner to Joe Biden: ‘The Last Two Decades of My Life Have Been a Nightmare Without End’

Published by Anonymous (not verified) on Wed, 10/02/2021 - 4:58pm in

Guantánamo is a daming example of American lack of concern over the lives it casually ruins.

Perhaps It’s Time to Start Worrying About Italy Again

Published by Anonymous (not verified) on Tue, 19/01/2021 - 10:31pm in

The causes for concern surrounding Italy are growing, even as the ECB keeps a tight lid on its bond yields, pushing its debt servicing costs lower as its debt explodes higher.

Wolf Richter: Who Holds the $1.65 Trillion of Apartment Building Debt amid Eviction Bans and Plunging Occupancy Rates at High Rises?

Published by Anonymous (not verified) on Sun, 20/12/2020 - 10:45pm in

How much apartment building debt is there, and who holds it?

Big Banks Grow Bigger and Smaller Banks Disappear, As Mergers Return to Crisis-Hit Eurozone

Published by Anonymous (not verified) on Wed, 02/12/2020 - 10:30pm in

A fresh wave of bank failures and mergers are set to trigger a new round of consolidation of the Eurozone's banking system