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Daily Archives: March 19, 2018
Steve Keen on unseating finance as master and making it servant once more
Steve Keen is a ‘renegade economist’ who has been debunking classical economic theory for decades. Steve argues that ever-rising levels of private debt are unsustainable in the face of rising interest rates, but that the US Federal Reserve will continue … Continue reading
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More superfluous retail space coming empty on Toys R Us closures
Toys R Us epitomizes the larger story of the past 20 years of North American consumers buying cheap goods largely on credit, largely produced in Asia, and financialization which attracted indiscriminate investor capital to enable rapid, mindless expansion far beyond … Continue reading
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