One question that continually comes up when I do interviews is this: If governments are not financially constrained in their spending why do they issue debt?
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Bill Mitchell: Why do currency-issuing governments issue debt? – Part 1
Economics
Ms Merkel’s Marvelous V-Recovery – German Development of turnover in August 2020: -1.3% on the previous month
Turnover in the non-financial business economy in Germany was down slightly in August 2020 compared with July 2020 Read here
Economics
Reuters: German economic institutes cut 2023 GDP forecast on energy price surge
What a surprise. And the ECB wants to continue raising interest rates and the German goverment wants austerity. Add to this high inflation and low wage growth. Nothing new on the German front. Inflation well […]
Climate Crisis
Ann Pettifor: High finance is wrecking the economy and the planet—but it won’t reform itself
The establishment is waking up to the dangers of “rentier capitalism” but more than cosmetic change is required Read here
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