By Michael Roberts * A recent paper by mainstream heavyweights, Ben Bernanke (former Federal Reserve chief) and Olivier Blanchard (former chief economist at the IMF) has raised some eyebrows. Bernanke and Blanchard seek to argue that the inflationary spike in the US since the end of Covid pandemic slump was down to a sharp rise in ‘aggregate demand’ and not due ...
The Russian Ministry of Defense declared that on May 24, Ukrainian forces had attacked a Russian military vessel in the Black Sea. According to the statement, three unmanned high-speed boats attacked the Russian ship Ivan Khurs. The ship foiled the attack. The Ministry said the ship’s mission was to protect the TurkStream and BlueStream pipelines. We started our interview with ...