by Ismael Hossein-zadeh
The Federal Reserve Bank is shrouded in a number of myths and mysteries. These include its name, its ownership, and its presumed commitment to market stability, economic growth and public interest. Continue reading Taking notes 54: Who owns the Federal Reserve Bank and why is it shrouded in myths and mysteries?
by Sanjay Perera …he would greatly have loved to make a formidable death machine of universal life. But mere nothingness is not his goal. What he has striven for is sovereignty, through the spirit of negation, carried to its extreme. … Continue reading Radical punishment: the economic rationality of the Marquis de Sade
by Ismael Hossein-zadeh There is now a widespread consensus that mainstream/neoclassical economists failed miserably to either predict the coming of the 2008 financial implosion, or provide a reasonable explanation when it actually arrived. Not surprisingly, many critics have argued that … Continue reading Taking notes 41: Ideological foundations of neoclassical economics: class interests as “economic theory”
by Ismael Hossein-zadeh Many liberal economists envisioned a new dawn of Keynesianism in the 2008 financial meltdown. Nearly six years later, it is clear that the much-hoped-for Keynesian prescriptions are completely ignored. Why? Keynesian economists’ answer: “neoliberal ideology,” which they … Continue reading Keynes is Dead; Long Live Marx!
by Ismael Hossein-zadeh Most pundits of historical developments tend to perceive another global war, often called World War III (WW III), in a manner similar to World Wars I and II; that is, large scale deployment of military means in … Continue reading WW III: More interclass than international