by Daniel Krähmer | Oct 13, 2011
IT is obviously silly to push for austerity in the midst of a recession, not just silly but cruel, since it prolongs the pain of unemployment. The recession is caused by a deficiency of aggregate demand. To overcome it what is necessary is an increase in demand which...
by Daniel Krähmer | Oct 13, 2011
With confusing creditworthiness two more countries and many banks in Europe have “achieved” downgraded ratings over the last few days. And, there is a split. The Germans and the French have, temporarily, disagreed to agree. For the financial elites, political...
by Daniel Krähmer | Oct 13, 2011
WAR torn Somalia faces yet another grave threat as the worst drought in decades devastates vast expanses of land in the Horn of Africa region. The other countries affected to a lesser extent are Ethiopia and Kenya. By early August, according to reports by...
by Daniel Krähmer | Oct 15, 2011
Occupy Wall Street is just about the best thing that’s happened to America since the economic crisis first broke. Occupation is spreading. We’re standing up and fighting back. And we’re showing that another way of living together is possible. We’re a movement of the...
by Daniel Krähmer | Oct 15, 2011
Everyday the same news – Greece lurches nearer to a default, the financial markets panic, and governments come up with a few more euros or some soothing words to calm them for a few hours. The meltdown has been put off for another day.Almost every commentator accepts...