Most people in Sri Lanka think the current crisis is caused by money printing. What people fail to realize is weather we print the LKR or not, in order to import fuel, gas, medicine, food and other essentials, LKR is…
Never ending trade deficits and rise in cost of living The introduction of the neo-liberal policies from the late 70’s imports have increased dramatically and today we import more than twice the amount collected from exports, workers remittance and tourism.…
Money is not a commodity, instead money is a social relationship of debt and credit. Money is a creature of state, a credit issued by the state. A special kind of a credit which can be redeemed by taxation. By…
By Beardsley Ruml in 1946. Chairman of the Federal Reserve Bank of New York. Sovereign government does not need taxes for revenue, but to create a demand for its currency. With that in mind, we need to rethink tax policy.…
Private Debt Conundrum One of the key and largely overlooked reasons for expected decline in our economy is burden of private debt, which is the combination of business debt and household debt. Even though government debt grabs all the headlines,…
This article is based on a true story, that the Sunday Times reported on 04/03/2018 under the heading of Northern Village women in claws of microfinance monster. The story is about northern villagers which have become victims of predatory lending…
Our country, our economy, the environment and our society is being trapped by the economic parasites since 1978. They are using the free market ideology, if not neoliberalism as their propaganda machine. As at today most sectors has been captured…
