most textbooks talk about industrial capitalism as if the function of banks is to make loans to factories to build plants and equipment and hire … Economic HistoryRead more
Economics
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Will RBI’s New Measures Open Forex Floodgates?
Amid large capital outflows, downward pressure on the rupee and reserve drawdowns, the Reserve Bank of India (RBI) announced on July 6 a slew of … Will RBI’s New Measures Open Forex Floodgates?Read more
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Five Lakh Companies Shut Shop Since 2016 That Saw Triple Whammy of DeMo, GST, COVID-19
In the last six years, as many as 5,00,506 companies were shut down according to data shared in the Lok Sabha by Union Corporate Affairs … Five Lakh Companies Shut Shop Since 2016 That Saw Triple Whammy of DeMo, GST, COVID-19Read more
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Who Is to Blame for Inflation? The Power Brokers of Capitalism
The blame game over surging prices is on. Was it too much central-bank money being pumped out for too long that caused inflation to take … Who Is to Blame for Inflation? The Power Brokers of CapitalismRead more
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Is US Aid to Israel too much?
[youtube https://www.youtube.com/watch?v=-MUNEFyhjDc&rel=0&feature=relmfu] Alec Sobel
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The Financial Bubble Era Comes Full Circle
Subscribers have noticed that it’s been quiet on this site for a while. This is because I spent much of the last month researching the … The Financial Bubble Era Comes Full CircleRead more
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U.S. Military Aid to Ukraine
Leaders of Germany, France and Italy are in Kyiv to meet with Ukrainian President Volodymyr Zelensky. Ahead of the trip, French President Emmanuel Macron voiced … U.S. Military Aid to UkraineRead more
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Fueling the Warfare State
This March, when the Biden administration presented a staggering $813 billion proposal for “national defense,” it was hard to imagine a budget that could go … Fueling the Warfare StateRead more
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Hawks’ Arguments For Jacking Up Pentagon Spending Make No Sense
Congress is starting work on next year’s Pentagon budget, and the hawks like Sen. James Inhofe (R-Okla.) and Rep. Mike Rogers (R-Ala.) are already pushing … Hawks’ Arguments For Jacking Up Pentagon Spending Make No SenseRead more
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How Corporate Welfare Hurts You
[youtube https://www.youtube.com/watch?v=8Qq8LQqT_bw&rel=0&feature=relmfu] Robert Reich