The Fed’s Austerity Program to Reduce Wages
By Michael Hudson / CounterPunch The Federal Reserve Board’s ostensible policy aim is to manage the money supply and bank credit in a way that maintains price stability. That usually…
Who Is to Blame for Inflation? The Power Brokers of Capitalism
A half-century long power play, led by corporations, Wall Street, governments, and central banks, has gone badly wrong.
The European Central Bank is Trapped. Here’s Why.
The credit-based global financial system we have constructed and participated in over the past century has to continually grow or die.