The Case For Debt Abolition

By Astra Taylor, ROAR Magazine. -

In 2008, around the same time Lehman Brothers collapsed and the mortgage market began to melt down, I got a call telling me my student loans were in default. I remember trying to grasp the logic [...]

Make Corporate Landlords Pay The Bills During The Pandemic

By Sofia Lopez and Sara Mycklebust, Inequality.org. -

The Covid-19 crisis has both exposed and exacerbated racial and wealth inequality in the United States. As unemployment skyrockets and tens of millions of Americans struggle with a sudden loss of [...]

The US Is Borrowing Its Way To Fascism

By Richard D. Wolff, Information Clearinghouse. -

Viewing the GOP convention seemed a little like binge-watching the last several years’ parade of none-too-subtle signs of incipient fascism. We saw extreme nationalism, scapegoating immigrants [...]

Mexico: Revolt Demands Access To Water Allotted To US

By It's Going Down, Earth First! -

Since Wednesday July 29, self-organized protests by campesinos and community members have kicked off in the municipality of Rosales in the Mexican state of Chihuahua. These coordinated actions [...]

Fed Guarantees Unproductive Debt And Perilous Speculation

By Ralph Nader, Nader.org. -

The Federal Reserve Board – our unaccountable Central Bank – needs more citizen and Congressional supervision. Fees from financial institutions fund its operations, not Congressional [...]

Without Federal Aid To State And Local Governments, Millions Will Lose Their Jobs

By Josh Bivens and David Cooper, Economic Policy Institute. -

Because a weakening economy undercuts state and local tax revenues, and because states operate under balanced budget constraints, the coming months will see intense downward pressure on state and [...]

The University Community As A Microcosm Of The National Economy

By Harry Targ, Diary of a Heartland Radical. -

In sum, MMT suggests that the printing of money can be calibrated to the fulfillment of short and long term needs.  Money could and should be provided for health care for all, support for [...]

Debt Strike Needed As Debt Collectors Keep Coming After Millions Of People

By Paul Kiel and Jeff Ernsthausen, ProPublica.   -

Over the past couple decades, Capital One, Lugo’s pursuer, helped lead the way in transforming the nation’s local courts into collection machines. As recently as the 1990s, these courts conformed [...]

Capitalism’s ‘Dirty Little Secret’

By Gabrielle Pickard-Whitehead, Occupy.com. -

At a time when wealth is concentrated in the hands of a tiny elite, maintaining comfortable living standards for the majority requires reliance on abundant borrowing. Too much lending, as we [...]

The Generosity Of Agriculture

By Kerry Hoffschneider, Indianz. -

The generosity of agriculture and the potential for farmers, ranchers and all people to act in more selfless fashions can be found amongst the chaos of the times if one looks for it closely [...]

A Universal Basic Income Is Essential And Will Work

By Ellen Brown, The Web of Debt Blog. -

According to an April 6 article on CNBC.com, Spain is slated to become the first country in Europe to introduce a universal basic income (UBI) on a long-term basis. Spain’s Minister for Economic [...]

Public Banking Would Help Speed Economic Recovery

By Isaiah Poole and Rick Girling, The Hill. -

At least 90 percent of the nation’s cities are facing a budget crisis because of the economic shutdown in response to the COVID-19 pandemic, according to a mid-April report by the U.S. Conference [...]

Over 30% Of US Renters Didn’t Pay April Apartment Rent

By Tyler Durden, ZeroHedge. -

Landlords across the country have been left in the lurch after nearly one-third of apartment renters in the US didn't pay any of their April rent during the first week of the month, according to [...]

No Turning Back After Central Bankers’ ‘Seismic Stimulus Shift’

By Francesco Canepa and Balazs Koranyi, Reuters. -

The tools used by the Federal Reserve and the central banks in the euro zone and Japan differ slightly but they mostly involve new, massive purchases of financial assets and cheap credit for [...]

Ten Signs The US Is Heading For A Depression

By Mike Whitney, The Unz Review. -

Thursday’s jobless claims leave no doubt that the country is in the grips of another severe recession. More than 6.6 million Americans filed for unemployment insurance in the last week. That [...]