Nobel Prize-winning economist Joseph Stiglitz says the US has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers.
“In the US and many other countries, …

 Joseph Schumpeter thought he was referring to a process of vitality in capitalism, when he wrote that entrepreneurs were animated by “creative destruction”. As innovators, they would deliver sustained growth, crushing obsolete firms and clearing …

We’ve seen how Barack Obama has failed to change the rules governing America’s banks- it’s back to business-as-usual on Wall Street. And now, Britain’s government is confessing failure. In its White Paper on financial regulation, …

The mood among UK business leaders has hit its highest level for a year, with a small majority believing that the bottom of the business cycle has been …

The Renegade Economist has been sent some of the data behind the MP’s expenses row.
Here is the spreadsheet for the 2007/8 claims –  interesting reading.
No-one at Renegade Economist HQ realised that it was so expensive to live …

In all the newspaper articles, in all the radio programmes and TV shows now exposing our MP’s expenses, and previously, our failed bankers’ bonuses, two core issues have been strikingly missed. One is to question …

Sit back and listen to The Renegade Economist bring sense the the economic situation we are in today.  In this instalment we look at how we got here…

Keep in the know with news and information from our new Podcast offering.  See what we will be sharing with you in this introduction by Fred Harrison.

The collapse of the Western financial sector was just what the doctor ordered, for the bankers. They had reached the point where they needed a cathartic clean-out. Their bloated excesses couldn’t go on, so a …

Tony Beckwith, a Renegade Economist, reader sent us a link today and we were so shocked by the absolute inability of someone who is one of the most powerful people in US banking to explain …

In 1997 Fred Harrison wrote to Tony Blair and his Ministers: “I am your worst nightmare.  I know exactly why New Labour will fail”.   For ten years Harrison identified for Gordon Brown the policies that …

The document that spelt out the mechanism that would drive the global economy into depression was published in 1997.  The land-led property boom was globally synchronised, so every economy in the world was heading for …

The economic crisis has focussed many minds on immediate survival, ranging from individuals coping with redundancy, to governments propping up failed banks and car manufacturers. In a crisis humans tend to panic and regress into …

Britain’s macho Prime Minister is angry. He just hates the fact that some people conceal their money in tax havens, and on April 2 he will go ginning for them with all the fire power …

Five months ago The Renegade Economist (conservatively) estimated that $45trn of global wealth was going to be being wiped out. The response from the UK press was indifference. Although the figures were reported globally, there …

Gordon Brown wants to infect the leaders of the G20 countries with his Walter Mitty fantasies.* If he succeeds in luring them into his make-believe world the collective denial about the roots of the global …

Gordon Brown now reveals that he wants banks to cap mortgages at 100% of a property’s value. Another “tough” initiative from the macho premier of Britain. It’s a meaningless gesture, yet another of those postures …

Quick pass the buck – if we assume formlessness we can hide who’s to blame for this debacle. The blame game is essentially futile. This crisis won’t be hung on anyone because broadly speaking everyone …

We have it on the authority of Britain’s Prime Minister: there will be a global depression. There will be long-term unemployment and many families will lose their homes. But wasn’t Mr. Brown the man who …

Myth-makers are having a field day with the recession, which is why this year’s precipitous downturn will turn into next year’s depression.
Myth 1: When it comes to solutions, there is “no single silver bullet,” writes …