Around the globe governments spent massively to soften the effects of Covid-19 on their economies. They spent a combined total of $16 trillion in the year to April 2021, according to the International Monetary Fund. As a result, debt-to-GDP ratios have risen. Globally, the debt-to-GDP [...]
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In the flurry of hot takes on the GameStop adventure, three common features emerge. First, almost everyone agrees, this is so much fun! That a Reddit community of amateur traders could take on a big hedge fund and win – at least temporarily – is cause for a roaring gotcha. Second, the [...]
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Following the 2007/08 financial crisis the creation of a less unequal and fairer world appeared to be a major prospect. As is by now all too familiar, after the financial crisis, instead of becoming more progressive, societies turned out to be more unequal, with inequalities and asset-based [...]
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