The newest from Europe’s Disneyland parliament. Now that Germany had indicated that it will withdraw from the ECT this is permitted, although one never knows what the EU Commission might get up to.
Austerity
Yanis Varoufakis: Inflation as a Political Power Play Gone Wrong
The blame game over surging prices is on. Was it too much central-bank money being pumped out for too long that caused inflation to take off? Was it China, where most physical production had moved […]
Finance
Bill Mitchell: Prime Minister Corbyn should have no fears from global capital markets
Initially Mitchell rambles a bit, but eventually he arrives at his topic, controlling capital flows. Read here
Economics
Michael Roberts: Modern Monetary Theory – Part 1: Chartalism and Marx
BRAVE NEW EUROPE has been covering Modern Monetary Theory. Here an analysis from a Marxist standpoint. By the way, there is an interesting Modern Monetary Conference in Berlin on 1 and 2 February: see here […]
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