Bill Mitchell: In the battle between government and the hedge fund gamblers – the government has all the cards

The inflationary surge is not a demand event and will not be resolved by further cutting nominal incomes. Read Here

This is the other side of the coin with regard to our previous link concerning Romania. The EU’s prime interest in Romania seems to be cheap labour, as well as selling cars and lorries. Read here […]

Wolfgang Schäuble is the person who personified the so-called ‘die schwarze null’ (Black Zero) while finance Minister. His conduct as finance minister was an instrumental element in extending the GFC across the Eurozone. He is […]