-
End of the Road How Money Became Worthless
(00:01) The strength of a nation's currency is based on the strength of that nation's economy, and the American economy is by far the strongest in the world. Accordingly, I have directed the secretary of the treasury to take the action necessary to ...(00:01) The strength of a nation's currency is based on the strength of that nation's economy, and the American economy is by far the strongest in the world. Accordingly, I have directed the secretary of the treasury to take the action necessary to ... -
Yanis Varoufakis on why we should - let the banks burn
A banking crisis sparked by the collapse of Silicon Valley Bank has had a knock-on effect on major banks worldwide. Economist Yanis Varoufakis proposes decoupling payment systems from credit intermediation to stabilize the banking system. Priva...A banking crisis sparked by the collapse of Silicon Valley Bank has had a knock-on effect on major banks worldwide. Economist Yanis Varoufakis proposes decoupling payment systems from credit intermediation to stabilize the banking system. Priva... -
Yanis Varoufakis on the death of capitalism, Starmer and the tyranny of big tech
The UK and Europe are irrelevant in the big tech market, according to a Greek economist. He discusses feudalism and techno feudalism. This is the most insightful analysis on the current state of the world economy and why we need a recalibration of...The UK and Europe are irrelevant in the big tech market, according to a Greek economist. He discusses feudalism and techno feudalism. This is the most insightful analysis on the current state of the world economy and why we need a recalibration of... -
The Plan Is To Make You Permanently Poorer
In 2011, while working as a City trader, Gary Stevenson (@garyseconomics) joined the ultra rich with a single bonus cheque. Not long after he was named one of Citibank’s highest performing traders worldwide. Stevenson made millions for his emplo...In 2011, while working as a City trader, Gary Stevenson (@garyseconomics) joined the ultra rich with a single bonus cheque. Not long after he was named one of Citibank’s highest performing traders worldwide. Stevenson made millions for his emplo... -
The messy true story of the last time we beat inflation
The Fed's policies, particularly the increase in interest rates, are a double-edged sword. While intended to cool down inflation by reducing spending and investment, they also have immediate negative effects on the average person. Higher intere...The Fed's policies, particularly the increase in interest rates, are a double-edged sword. While intended to cool down inflation by reducing spending and investment, they also have immediate negative effects on the average person. Higher intere... -
Democracy at Work: Curing Capitalism
Richard Wolff, an economist and critic of capitalism, discusses the fundamental issues and potential solutions within the capitalist system. He highlights the historical context of capitalism, referencing economists like John Maynard Keynes and Ka...Richard Wolff, an economist and critic of capitalism, discusses the fundamental issues and potential solutions within the capitalist system. He highlights the historical context of capitalism, referencing economists like John Maynard Keynes and Ka... -
Political Divides Deepen - inflation education rents gun industry
(00:24) Welcome, friends, to another edition of *Economic Update,* a weekly program focused on the economic dimensions of our lives. I’m your host, Richard Wolff. Today, I’ll discuss the ongoing impact of gun violence, the global consequences of...(00:24) Welcome, friends, to another edition of *Economic Update,* a weekly program focused on the economic dimensions of our lives. I’m your host, Richard Wolff. Today, I’ll discuss the ongoing impact of gun violence, the global consequences of... -
The cure for inflation: Price Caps?
Professor Wolff analyzes the economic condition and explains how we arrived at this point. He points out that our economic troubles cannot be blamed on a single administration or one action, like a single expenditure like the bailout of the main stre...Professor Wolff analyzes the economic condition and explains how we arrived at this point. He points out that our economic troubles cannot be blamed on a single administration or one action, like a single expenditure like the bailout of the main stre... -
You Call It - Inflation, I Call It a - Dying Planet
This article discusses the current state of inflation and argues that it is a result of climate change and a dying planet. The author criticizes leaders for ignoring the effects of climate change and failing to address the relationship between ris...This article discusses the current state of inflation and argues that it is a result of climate change and a dying planet. The author criticizes leaders for ignoring the effects of climate change and failing to address the relationship between ris... -
Fighting Inflation Means Taking On Corporations
This opinion piece argues that fighting inflation requires taking on corporations, as their choices largely contribute to rising prices. The author cites historical examples of presidents successfully combating inflation by challenging corporate p...This opinion piece argues that fighting inflation requires taking on corporations, as their choices largely contribute to rising prices. The author cites historical examples of presidents successfully combating inflation by challenging corporate p... -
Psst: You want to know the truth about inflation?
The actions taken by the Fed, as described, might be seen as benefiting Wall Street more than Main Street. Raising interest rates and slowing the economy can hurt workers by limiting job growth and wage increases, impacting the broader economy tha...The actions taken by the Fed, as described, might be seen as benefiting Wall Street more than Main Street. Raising interest rates and slowing the economy can hurt workers by limiting job growth and wage increases, impacting the broader economy tha... -
Beware the Inflationary Bogeyman
The commentary by Harvard economist Jason Furman in the Wall Street Journal revisits the theme of inflation control reminiscent of Gerald Ford's era, specifically the "Whip Inflation Now" initiative. Furman, drawing from historical parallels, sugg...The commentary by Harvard economist Jason Furman in the Wall Street Journal revisits the theme of inflation control reminiscent of Gerald Ford's era, specifically the "Whip Inflation Now" initiative. Furman, drawing from historical parallels, sugg... -
Big Business Is the Cause of Every Inflation
Big Business Is the Cause of Every Inflation" is that the common belief linking money supply directly to inflation is a misconception. Wolff argues that when the money supply increases, businesses face a choice: either raise prices or produce more...Big Business Is the Cause of Every Inflation" is that the common belief linking money supply directly to inflation is a misconception. Wolff argues that when the money supply increases, businesses face a choice: either raise prices or produce more...
Page 1 of 1
Powered by Optimal Access