Post by: Tim Di Muzio

EconoFiction

Capitalized money, austerity and the math of capitalism

6 Mai , 2020  

This article seeks to contribute to the existing critical debates on money and debt by advancing three main arguments. First, largely due to such debates’ tendency for description, the article argues that in in the heterodox literature on money and debt there is no convincing critical theory of money creation. ...

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EconoFiction

Covid ‐ 19 Capitalism, Neoliberal Debt & the Need for Sovereign Money

16 Apr , 2020  

… If no one borrowed, our capitalist economies would go into severe contraction because the vast majority of our money is created as debt. This is why financial elites were rattled during the global financial crisis: they feared credit would dry up and credit    is   the   lifeblood    of     global    capitalism ...

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EconoFiction

Are We Heading for Another Economic Crash?

23 Jan , 2018  

The short answer is yes. However, the big question has to do with timing and how the crash will be experienced and by whom. Typically, an economic crash means that the value of owned income-generating assets like stocks (shares in companies) are radically devalued. For instance, at the height of ...

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EconoFiction

Why IPE Needs to Talk about Money: On Austerity, Financial Power, and Debt

21 Apr , 2016  

The esteemed science fiction writer and Professor of Biochemistry at Boston University, Isaac Asimov once said that the most interesting phrase to hear in science is not ‘Eureka! I’ve found it’, but ‘gee, that’s funny.’ It turns out that the ‘gee, that’s funny’ moments are the most exciting because they ...

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