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BWU Makes Its Latest Lemon Award To The UK

from William K. Black, New Economic Perspectives

Bank Whistleblowers United (BWU) makes its non-coveted Lemon award to the United Kingdom (UK) for actions harming whistleblowers and the world. BWU's three principals are highly experienced financial experts with combined practical and academic experience of over 120 years. We are each unemployable in finance because we warned internally at are places of work and then externally about grave misconduct by the most senior financial and regulatory leaders that would (and did) produce terrible losses.

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Does Technology Overwhelm Low Interest Rates For Inflation Dynamics?

Written by Gene D. Balas

I need not even mention that policymakers are frustrated, puzzled even, why inflation has not risen to the Federal Reserve's 2% target despite almost rock-bottom interest rates, low unemployment, and steady (although perhaps not robust) economic growth. I explored this conundrum in a recent column; in this follow-on piece, we'll examine why companies' pricing power faces constraints.

robot.worker

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Debts That Can't Be Paid, Won't Be

by Michael Hudson, New Economic Perspectives

This is a Classic Essay First Posted 10 April 2012

A common denominator runs throughout recorded history: a rising proportion of debts cannot be paid. Adam Smith remarked that no government ever had repaid its debt, and today the same can be said of the overall volume of private-sector debt. One way or another, there will be defaults - unless debts are paid in an illusory fashion, simply by adding the interest charges onto the debt balance until the sums finally grow to so fictitious a magnitude that the illusion of viability has to be dropped.

money.shovel

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Gulag America

by Charles Hugh Smith, Of Two Minds

The over-criminalization of America has undermined justice, the rule of law and legal egalitarianism.

While the corporate media devotes itself to sports, entertainment, dining out and the latest political kerfuffle, America has become the Over-Criminalization Capital of the World. The proliferation of laws and administrative regulations, federal, state and local, that carry criminal penalties has swollen into the tens of thousands.

jail.bird

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How To Protect 4.5m People From Becoming Brexit Bargaining Chips

from The Conversation

-- this post authored by Stijn Smismans, Cardiff University

Both the EU and the UK have repeatedly stated that they want to secure the rights of the 3 million EU citizens in the UK and the 1.5 million British citizens in the EU as they negotiate their separation.

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Is It Possible To Have A 'Theory Of Everything' In Economics?

by Rodger Malcolm Mitchell, www.nofica.com

The term "Theory of Everything" has been related to physics.

Quoting Wikipedia,

"A theory of everything (T)E) is a hypothetical single, all-encompassing, coherent, theoretical framework of physics that fully explains and links together all physical aspects of the universe.

"Finding a ToE is one of the major unsolved problems in physics."

theory.of.everything

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Will America's New Uncertainty Impact U.S.-China Trade?

Written by Dan Steinbock, Difference Group

As the White House is preparing to a political war for its survival, the Trump-Xi 100 day plan should overcome long-term pressures on US-China ties. After the two-day summit at Mar-a-Lago last month, the US and China announced a 100-day plan to improve strained trade ties and boost cooperation between two nations.

xi.trump.happy.days

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Trump's Hawkish Cuba Order Will Damage US Influence In Latin America

from The Conversation

-- this post authored by Rubrick Biegon, University of Kent

Donald Trump has issued a directive to tighten travel and business restrictions on Cuba. He is effectively reversing Barack Obama's efforts to "normalise" relations with the island; at a rally in Miami, he said that:

"I am cancelling the last administration's completely one-sided deal with Cuba."

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How Marx Got On The Wrong Side Of History

by Richard M. Ebeling, mises.org

This article originally appeared on Fee.org.

Those who speak about being on the "right side of history" have, knowingly or not, adopted a central element in Karl Marx's analysis of capitalism: the idea that the capitalist system follows a particular course of historical development that is open to scientific explanation and prediction, and which presumes to be placing humanity on a road that leads to a higher and better form of society - socialism. (See my article, "Marxists Are Not on the 'Right Side of History'").

marxbusts380px

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