Growth forecasts are gloomy for the global economy. The Ifo Institute lowered its forecast for the FRG for this year from 3.3 to 2.5 per cent, while the International Monetary Fund (IMF) has lowered the growth for the gross national […]
‘Liberal’ economist Wolf, is deeply worried. “A new world is being born. The hope for peaceful relations is fading…. No one knows what will happen. But we do know this looks to be a disaster…….The combination of war, supply shocks and
Ukraine-Russia: like an earthquake
This article investigates the mechanisms and causes of recessions and depressions, and their relation to the more spectacular financial crises which announce them. It demonstrates how the concept of the Monetary Expression of Labour Time (MELT) allows us to understand
THE WHOLE OF THE STORM MONEY, DEBT AND CRISIS IN THE CURRENT LONG DEPRESSION