How we all end up being shareholders, and why much of the private sector is, in fact, publicly owned.
How Minsky got it right – his financial instability hypothesis and its relevance today.
Huge concentrations of wealth have distorted and destabilised financial markets, which now need to be reformed.
What is “repo” and what is its connection to the rise in wealth inequality and economic instability?
A summary of Zoltan Pozsar’s work, showing how a tidal wave of wealth has gathered in institutional cash pools unnoticed by economists.
An explanation of the “Efficient Market Hypothesis” – the belief that markets will always price financial assets correctly.
Last week I introduced the idea of a hierarchy of money. Each level is a claim on the level above: Securities are a promise to…
Over the last few weeks I’ve outlined how our current monetary system works, what problems this causes, and briefly outlined some of the ideas currently…