Originally posted on A different perspective:
In an exclusive interview, Paul Krugman — who just published a new book titled End This Depression Now! — tells us how the Euro crisis will end. He basically sees two possible outcomes, both of which are “impossible.” One possibility is that the ECB aggressively buys peripheral debt and caps the…

Originally posted on Robert Nielsen:
Once upon a time there was a car manufacturer. One day he proposed to double his workers wages. The business community was stunned. Was this man insane? A socialist? Did he not understand the laws of economics? Surely his business would instantly go bankrupt and nothing more would be heard…

Thursday’s IMF report has shown conclusively that George Osborne’s Plan A has failed. Austerity is pulling Britain back into recession. The International Monetary Fund (IMF) has long been an advocate of fiscal retrenchment and market-oriented “neoliberal” reforms. Indeed, the IMF is in part behind the current austerity programs currently being imposed upon Greece and Southern Europe, […]

Rail is back on the agenda in Britain. An average of 3.3 million people get on a train every day- and the number is growing, fast. The UK’s rail infrastructure is far behind that of continental Europe, with just 60km of high-speed line, compared to 3480km across the continent. HS2 will begin to change this. Meanwhile, […]

Today’s heroes of the week go to the six theorists who formulated the Higgs Mechanism in the 1960s: Englert, Brout, Higgs, Guralnik, Hagen and Kibble, and the entire LHC (Large Hadron Collider) Project, in particular the two great experiments, CMS (Compact Muon Solenoid) and ATLAS (A Toroidal LHC Apparatus), which have effectively confirmed the existence of the corresponding Higgs particle this […]

As things stand, the banks are the permanent government of the country, whichever party is in power Lord Skidelsky, economic historian and biographer of Keynes, in a speech to the House of lords It’s time to put bank nationalisation back on the agenda. The recent revelations about the Libor scandal- revealing that fraud was routine, […]

After tense all-night negotiations on Thursday, Europe has taken its first serious step towards solving its financial crisis, with the beginnings of what may become a banking and fiscal Union. Such measures have been widely praised by French newspapers from across the political spectrum, the IMF, and welcomed by Spain, Italy, Ireland and Greece, but are […]

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