Tag Archive
aig
banks
bernanke
city
commons
crash
crisis
debt
deflation
demand
demos
depression
eastern europe
ecb
eu
euro
europe
eurozone
financial crisis
france
g20
geithner
great depression
great recession
history
inflation
keynes
london
macroeconomics
mayday
meltdown
merkel
monetarism
movements
neoclassical economics
new classical macroeconomics
obama
ponzi scheme
protests
recession
recovery
riots
sarkozy
toxic assets
trichet
Debt: The First Five Thousand Years
By David Graeber
What follows is a fragment of a much larger project of research on debt and debt money in human history. The first and overwhelming conclusion of this project is that in studying economic history, we tend to systematically ignore the role of violence, the absolutely central role of war and slavery in creating [...]
Debt and the Legitimacy of Capitalism
Debt is capitalism’s dirty little secret
By Ben Funnell, June 30 2009 19:14
Just why is there so much debt in the Anglo-Saxon world? Bankers and regulators know well that it is in nobody’s long-term interests to have allowed borrowing to escalate to a position where the US now owes far more, as a multiple of the [...]