There is a high risk of ignoring how much money is owed by corporations. If the interest rate rises even by a small amount, many will default. That could bankrupt thousands of businesses and put millions out of work with no income. Bad decisions made when borrowing cheap money will come back to bite when their corporate bonds come to mature. Prof. Wolff asks whether the credit rating agencies should have lowered the credit ratings of corporations due to their level of debt. What will happen if the economy crashes?Read more
Countries around the world are rising up against increasing income inequality and lack of economic opportunities, especially for young people. What are the economics behind the protests in Haiti, Lebanon, Chile, Ethiopia, Ecuador, and Iraq? Prof. Wolff talks to Loud & Clear's Brian Becker. Listen Here
Following months of scrutiny by lawmakers across the globe, Mark Zuckerberg faced Congress where lawmakers grilled the social media CEO on the libra digital currency. Prof. Wolff joined Boom Bust to break down the blockchain battle and what it means for the future of FinTech.Read more
The Federal Reserve has cut rates yet again, as demanded by President Trump, but what will this move mean for markets? Prof. Wolff appears on Boom Bust to break down the future for the Fed. Plus, Amazon's algorithm is under a harsh spotlight today as recent reports allege the company's search tool favors the company's own products. View Here
President Trump and Chinese Vice Premier Liu had a high stakes meeting at the White House in a bid to avoid new tariffs on $250 billion worth of Chinese goods. Brian and John speak with Prof Wolff to discuss the the big picture behind the U.S.-China trade war. This interview is courtesy of Loud & Clear
In the first half of Economic Update this week, Professor Wolff discusses how and why socialism changed from what it meant in the 19th and 20th centuries (public enterprises...READ MORE
Prof. Wolff pens an article challenging both Republicans and Democrats to admit their policies’ failures and to open the public and professional discussion on capitalism’s recurring recessions and to systemic critiques and solutions involving systemic change. This article appears courtesy of Truthout.
Prof. Wolff joins Eugene Puryear and Sean Blackmon to talk about how U.S. Presidents, the World Bank and IMF use economic sanctions and aid to coerce foreign leaders, the state of the global and US economy, and the ongoing trade war between China and the U.S. This interview can be heard courtesy of Sputnik Radio.
Prof. Wolff talks with Algerian journalist Mohsen Abdelmoumen to discuss socialism's place in our economic future. This article appears courtesy of American Herald Tribune, Europe’s most widely read English language newspaper.
Prof. Wolff joins The Thom Hartmann Program to illuminate how banks are supposed to hold a percentage of every dollar in reserves, which means they have a large pile of money. What happens if the government wants to stimulate the economy, by telling the banks they can lend out part of their held deposits or all of it? The last time the banks were able to lend out their reserves, we found ourselves in a global financial crash.Read more