The Science of Predicting the Next Financial Crisis

The end really is near: a play-by-play of the coming economic collapse Steve Keen is a Professor of Economics at Kingston University with a focus on analyzing capitalism as a monetary system What will happen: I expect a boom before a slump, and a pretty messy economic performance overall. And I expect a small downturn … Continue reading The Science of Predicting the Next Financial Crisis

America’s Surprising Views on Income Inequality

By Maria Konnikova New Yorker As a whole, the population of the United States is wealthier today than it has ever been. But, as has often been reported, the relative increases haven’t been uniform. In 1970, the top ten per cent of the population earned a third of the total national income. By 2012, it earned … Continue reading America’s Surprising Views on Income Inequality

Ten Years Ago, America Stopped Believing in the American Dream

In 2008, America Stopped Believing in the American Dream New York Magazine ~ Frank Rich If you were standing in the smoldering ashes of 9/11 trying to peer into the future, you might have been overjoyed to discover this happy snapshot of 2018: There has been no subsequent major terrorist attack on America from Al … Continue reading Ten Years Ago, America Stopped Believing in the American Dream

When the Feces Hit Oscillation Mode…

  The “Next” Financial Crisis and Public Banking as the Response ~ Michael Hudson The possibility of another global financial crisis, and public banking as an alternative to the current system. Paul Sliker: So, Michael, over the past few months the IMF has been sending warning signals about the state of the global economy. Global … Continue reading When the Feces Hit Oscillation Mode…