Professor Heiner Flassbeck shows it defies macroeconomic logic to promote surpluses for Germany, prohibit government deficits everywhere else and forbid the central bank from acting as the central bank of each and every EURO member
Economics
The Finance Curse – Professor Gerald Epstein
Dr. Gerald Epstein is Professor of Economics and founding Co-Director of the Political Economy Research Institute (PERI) at the University of Massachusetts Amherst. Among his many excellent works he and Juan Antonio Montecino calculated the […]
Austerity
Renegade Inc. – Chris Williamson: Lions Led by Donkeys
The phrase ‘lions led by donkeys’ was used to describe the British front line soldiers of WW1 – they were the brave lions who were sent to their deaths by incompetent and indifferent leaders. After […]
Austerity
Heiner Flassbeck: Argentina again under IMF curatorship – with absurd consequences
In December last year, Patrick Kaczmarczyk and I pointed out that even 20 years after the great currency drama in Argentina, neither the country nor the international community have found a way to bring the […]
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