This so-called "naked" shorting is risky
footnote 59
[...] despite very low wages for the vast majority of its labour-force, Chinese savings rates are very high. This is probably a function of both cultural norms [...] and the low wages and export-orientation of Chinese industry. High saving propensities and low incomes mean that until very recently,…
The implosion of the subprime mortgage market in the US is frequently called a "Minsky moment."
the wide belief among neoclassical economists and neoliberal policy-makers that democracy has an inherent "inflationary bias"
used as justification for putting central banks outside the reaches of democracy (insulating them)
[...] Offshore capital flight continued throughout the late 1960s, 1970s, and early 1980s. Eurodollar markets exploded, abetted in particular by the diligent cultivation of the UK's Thatcher government, elected in 1979. The plan was to remake the UK as a centre of global finance capital, thereby re…
