Bill Mitchell: More evidence that the current inflation is ephemeral

So there is no hint of a return to the position that other central banks have taken. The Bank of Japan is firmly committed to providing ‘expansionary’ conditions to encourage growth in wages, which they […]

Israel’s largest arms firm Elbit Systems is finally losing money at its drone engine factory near Birmingham, England. This follows years of campaigning by Palestine Action. Read HERE

Modern monetary theory (MMT) is gaining much attention for its somewhat unorthodox view that governments do not have to worry about fiscal deficits. One of the main advocates of MMT is Stephanie Kelton, an economics […]