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Category Archives: The Future: Averting Disaster

When Creditism Met Covid-19

Our economic system, Creditism, was fragile and on government life support before the Coronavirus hit the United States.  Now it is in intensive care. The new

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US Banks On Life Support

The new Macro Watch video shows that, without the unprecedented support that the government and the Fed are providing to the economy during the Coronavirus

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Recession or Depression?

The United States economy will almost certainly fall into Recession this year because of the Coronavirus.  The outcome, however, could be very much worse than that. 

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The Financial Times Book Review Of The New Depression

The New Depression was reviewed by Samuel Brittan in The Financial Times on July 30th. Please find the link below: https://www.ft.com/intl/cms/s/2/a941cd5e-d5a8-11e1-af40-00144feabdc0.html#axzz22HeRw1R1

The Policy Options

From Chapter 9 of The New Depression: The Breakdown Of The Paper Money Economy – Capitalism was an economic system in which the private sector

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