world economy: the return of crisis

The most powerful stimulus, however, came through Federal Reserve, the US central bank, where it remained until 2015, shattering all Fed precedents 22 Fed further bought up the banks holdings of US treasury bonds, flooding the banks with cash. ..

trotskyism in china

The letter is oddly not in this volume, but it is in Trotsky’s On China, 492–500. ... Formally, it was the Left Opposition of the Chinese Communist Party, as Trotsky’s perspective was still reclaiming the Communist parties for revolutionary politics. ..

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