Steve Hall

Niall Ferguson says Milei is proof that neoliberalism works. What he won’t tell you is China is the one keeping Argentina alive. thefp.com/p/niall-fergus…

It's truly dystopian. Rich people in tax havens boasting how they have a veto over the fiscal policy of democratically elected governments. Central bank "independence" (ie capture) is an important aspect of this arrangement, as they know that CBs could destroy them at will.

The idea of 'neoliberalism' was hatched by Austrian bankers and economists in the early 1920s, in the ashes of the Habsburg Empire. Their movement was heavily funded by American foundations in the 20s and 30s. Early followers met in Paris in 1938, at the Walter Lippmann…

This is pretty insane. The US just withdrew from UNESCO because, according to the official explanation on the State Dept website (state.gov/releases/offic…), of "UNESCO’s decision to admit the 'State of Palestine' as a Member" and because of its "outsized focus on the UN’s…

Viewed in the light of the DWP's mendacious fantasies about "benefits fraud", this reminds us yet again of the bonused sociopathy of the Whitehall mandarins in charge of the Department of Pensions.

What happens in a financial crash – and why it matters youtu.be/RRDSHAjgJPQ?si… Crashes don’t just happen. They build, and then they tip. In this video, I explain what causes a financial crash, why we’re facing one now, and why only government – not markets – can save us from the…

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Also in my view it’s totally unacceptable that a tiny amount of essentially private people should have that much power, especially when there is no accountability.

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It would take an international effort but absolutely has to happen. Organised global multinational financial capitalists need to be taken down. Finances and banking should support the economy, not choose what the economy is and what governments can or cannot do as policy.

It's truly dystopian. Rich people in tax havens boasting how they have a veto over the fiscal policy of democratically elected governments. Central bank "independence" (ie capture) is an important aspect of this arrangement, as they know that CBs could destroy them at will.

Government Minister, misleading the public by claiming the govt can run out of money. This is a lie first pushed by Margaret Thatcher and perpetuated by wealth-funded economic institutes. There’s no trade off between public services. If we can do it, we can afford it. MMT

Utter bollocks. Govt could nationalise for pennies. It doesn’t need to take money from any other budget, it issues the £, it’s own free-floating fiat currency, it has an infinite supply of £, it can never run out or go bust. Ever. What HMgov is short of is sense and morals.

Have a quick read through the short article linked below. Note the financier sitting smugly behind the power of the bond market like it's some sort of army or police force with the power to 'discipline' governments. It would be all well and good if the money markets were…

A clear, succinct, and precise explanation of current political and economic thought. I agree with Steve. 'It must end.' No ifs or buts!!!

🇫🇷 French historian and anthropologist Emmanuel Todd: "Our Russophobia has nothing to do with Russia itself. It's a fantasy, a pathology of Western societies, an internal need to imagine a Russian monster. When speaking about Russia, the leaders of France, Great Britain,…

I like you @garyseconomics but you are reinforcing the myth that we're reliant on wealthy elites to pay taxes so we can afford to pay for public services and improved infrastructure etc. But that simply isn't true. So, here are some basic facts. The govt issues the currency so…

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"talking this way feeds into the debt/bankruptcy narrative peddled by the legacy media"

I knew the risk-averse private investors were dragging their feet, but I didn't know it was this bad. This is why, over the past three years, private investors have been buying more government bonds despite volatility in the market. Heading for relative safety. We just can't…