The Reserve Bank of Australia – is currently demonstrating what Modern Monetary Theory (MMT) economists have said all along – the financial markets can always be subjugated by the power of government, any time policy makers choose to exercise their capacity.
Related Articles
German Foreign Policy – Germany: The price of being an “Export Champion”
Germans believe that Donald Trump is introducing tariffs because he is stupid and aggressive. Hardly anyone talks aboutGermany’s obscene positive balance of trade. Germany’s mercantilism is no more reactionary than Trump’s policies – and no […]
DeStatis – Germany: Government deficit increased to 42.1 billion euros in the first half of 2023
This is especially worrying as revenues should have increased much more due to inflation. The year-on-year increase in the financial deficit seen in the first half of 2023 is mainly due to a sharp increase […]
Wolfgang Münchau – Overloading: The European Union used to do a few things well. Now it does a lot of things badly
“Ms von der Leyen committed a grave error when she tried to trigger an emergency clause to impose border controls in Ireland. The error raises questions about her suitability for the job.” Read here
Be the first to comment