Monetarist theory has been proven wrong because it starts from the wrong hypothesis: that money supply drives prices of goods and services. But the opposite is the case: it is changes in prices and output that drives money supply.

Monetarist theory has been proven wrong because it starts from the wrong hypothesis: that money supply drives prices of goods and services. But the opposite is the case: it is changes in prices and output that drives money supply.
U.S. Middle East policy rests on a dilemma. The U.S. maintains its “special relationship” with Israel because Israel is the most pro-Western and stable country in the region. Yet the U.S. realizes that it must also have support from some Arab regimes, the mass of whose populations resent the U.S. links to Israel.
Israelis may hope that their incessant collective punishment against Palestinians will force the latter to relinquish their national aspirations. To Israel’s chagrin, these efforts have only strengthened the Palestinians’ resolve.
Without the Holocaust, the state of Israel probably wouldn’t have been founded. Zionists recruited immigrants to the state of Israel from among the thousands of Holocaust survivors whose communities in Europe were destroyed.
How long will the world just sit idly by while we here in Gaza suffer like this? The people of Gaza need more than just statements and resolutions, while Israel receives the arms which are killing and terrorizing us.
The coming months in Greece will be far from smooth. The labor law, the privatization of social security, the repression in universities, will come up against resistance. This is where the future of Mitsotakis and the course of future developments will be determined.
Ever since the beginning of the pandemic, the right-wing BJP government, instead of fighting the virus with emergency health measures, has been manipulating the pandemic as a divisive tool for its communal politics.
Though it has received little coverage in the mainstream U.S. press, there has been ongoing mass protests, along with murderous state repression, in Colombia over the past weeks.
Iglesias’s last episode of resigning all of his positions left Podemos in a deep internal crisis that portends a ferocious power struggle. It’s a crisis that will also have consequences inside UP.
In this two-part series, ISP’s Lance Selfa seeks to refute the “conventional wisdom” about Marxism that Marxism is “Eurocentric,” and, therefore, has little to say to the mass of the world’s population in the 21st century globalized world.
In this two-part series, ISP’s Lance Selfa seeks to refute the “conventional wisdom” about Marxism that Marxism is “Eurocentric,” and, therefore, has little to say to the mass of the world’s population in the 21st century globalized world.
No matter the outcome, the Commune had shown how a revolution raises up workers estimation of themselves and brings out the best in humanity.
Counter-revolutionary violence has reached new heights in Myanmar, as the Tatmadaw (the country’s military) attempts to terrorise a nationwide uprising into submission.
The bi-annual Labor Notes conferences have become perhaps the most important gathering places for the left in the labor movement. The purpose of this article is to report on these meetings.
Europe Solidaire Sans Frontières (ESSF), is calling for financial solidarity to support the democratic movement in Myanmar, now and over the long term.