Ever since the Crash of 2008 there has been a widespread recognition, both among economists and the general public, that economic theory has failed. But…
With its announcement this week that it will keep interest rates near zero until at least late 2014, the Federal Reserve has put another large crack into the foundations underlying the US dollar. In a misguided attempt to provide clarity and transpa…
The Devolution of the Consumer Economy (April 6, 2011)
The U.S. transformed into consumer economy that is exquisitely sensitive to debt and the costs of servicing credit. In other words: the bill is finally due, Baby.
One of the foundations …
Saudi-led military force crosses into Bahrain
MANAMA, Bahrain – A Saudi-led military force crossed into Bahrain on Monday to prop up the monarchy against widening demonstrations, launching the first cross-border military operation to quell unrest …
