by Stephen Swanson, bio end of article With a highly uncertain global economy and accumulating geopolitical risks, peering into 2012 is a challenging and inherently difficult exercise fraught with uncertainty. To minimize further uncertainty, it is bel… more »

Our popular economics is myopic and serves only the interests of merchants and traders while hollowing out the foundation of our wealth, i.e. our powers of production. more »

by Guest Author Eduard Fischer So here we are at the cusp of another bear market, or some might call it the next leg down in a cyclical bear market. Or is it just a bull market correction? Why are stocks selling off and what is likely to happen nex… more »

In this fight over global demand it is the deficit countries that have all the best cards. They control demand, which is the world’s scarcest and most valuable commodity. Once they begin intervening in trade and regaining the full use of their domestic demand, they will push the adjustment onto the surplus countries. Unemployment in deficit countries will drop, while it will rise in surplus countries. more »

by Guest Author Warren Mosler (bio here)It is an article of faith by all parties involved that businesses are the job creators, particularly small businesses, and hence their every move is predicated on helping businesses create jobs.Mercy! Can’t they ge… more »