There can be no return to the highly leveraged, fractionally reserved cryptocurrency system whose illusory riches are now giving way to real losses
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Economics
Bill Mitchell: US inflation rate down to 3 per cent and falling fast – it was transitory, folks
The inflation is burning out pretty quickly. I consider my assessment that this was always going to be a transitory period of inflation has been validated by the data. I also think we have reach […]
Economics
Robert Skidelsky: The Myth of Central-Bank Independence
The Bank of England’s failure to respond effectively to the worst inflation in four decades underscores the need to abandon the outdated notion that fiscal and monetary policy can be kept separate. If governments are […]
Climate Crisis
Michael Mann: On the climate crisis, delay has become the new form of denial
But the D-word du jour is delay. And we’ve become all too familiar with the lexicon employed in its service: “adaptation,” “resilience,” “geoengineering” and “carbon capture.” These words offer the soothing promise of action, but […]
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