What a world we live in where we are snowed with propaganda from the elites about how the only way forward is that we accept “pain” or “sacrifice” to prevent some inflationary catastrophe from accelerating out of control and that if workers dare seek some cost-of-living redress as corporations go for broke in their margin push, then the pain the policy makers will inflict will be greater.
Austerity
Bill Mitchell: ECB confirms monetary policy has run its course – Part 1
“Despite rather significant monetary policy gymnastics, aimed at stimulating economic growth and lifting inflation rates, central bankers have largely failed. They have failed because they are wedded to mainstream theory. Fiscal policy makers are constrained […]
Economics
Chris Dillow: NEOLIBERALISM AS LACK OF SELF-RESTRAINT
“…neoliberal bosses have something in common with child molesters. Both lack restraint in the pursuit of their own self-gratification in situations where they think they can get away with it.” The problem is not greed […]
Economics
Evonomics – Anat Admati: It Takes a Village of Media, Business, Policy, and Academic Experts to Maintain a Dangerous Financial System
A mix of distorted incentives, ignorance, confusion, and lack of accountability maintain a dangerous financial system Read here
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