Michael Hudson on de-dollarization (tags)
Krugman is saying that other people have no reason at all for what they’re doing. And when they move out of the dollar, there’s no reason for them to do it. If you read what these countries say, they explain why they’re doing what they’re doing. .
Is Economic Speculation a Form of Structural Violence? (tags)
According to neoclassical economic theory, the financial markets return to equilibrium. Problems only occur because of state intervention. The roaring twenties led to an enormous stock euphoria. In 2018, companies inflate their stocks in a $70 billion stock buy back program.
Beyond the Homo Economicus (tags)
The Homo economicus is a kind of calculating machine on two legs that incessantly calculates personal benefits and profit. His conduct follows the model of rational expectations. Incursions of the state will make possible more social equality.