The US's enthusiasm for sanctions means Europe is learning the price of doing business with the United States and with the dollar. They're now developing new ways to work around the the US-dominated financial system.
While the legislation introduced in the US Congress remains fiction under a Republican executive and senate, the Brussels initiative will become law unless there is considerable opposition from EU member states.
Petrodollars and petrodollar recycling are at the heart of what keeps the US debt and money-printing mechanism going. The geopolitical stakes are very high.
After lying dormant for several years in the aftermath of the Great Recession, the subprime market has returned with a vengeance. Subprime has become prevalent in every facet of the credit industry, and we should be terrified.
If Chileans are concerned about inequality, real solutions are likely to be found in combating the central bank and other anti-market institutions.
Contrary to the popular way of thinking, setting in motion a consumption unbacked by production through monetary pumping will only stifle economic growth.
All of the “crimes” tied to this case are essentially fictional charges that are derived from some other action. These are "derivative crimes," based on invented violations such as "false statements" or "obstructing the mails."
Last month's election gave Boris Johnson a strong majority in Parliament, but two economic wildcards could trip his new government up.
A universal basic income can easily be weaponized as a tool to punish "antisocial" behavior such as holding "unacceptable" political views or otherwise engaging in what the state doesn't like.
Since outright grants of monopoly or quasi-monopoly would usually be considered baldly injurious to the public, governments have discovered a variety of methods of granting such privileges indirectly, as well as a variety of arguments to justify these measures.
