James K. Galbraith: The Austerity Train Wreck

DeStatis has released three new statistics (one in English, two in German) indicating a continuing decline of Germany’s economy). And where Germany’s economy goes, the EU follows: Building permits for flats in July 2023: -31.5 […]

It is noticeable that the economic mainstream is becoming increasingly uncomfortable by the increased interest in Modern Monetary Theory. Bill Mitchell is right. There appears to be an effort to co-opt Modern Monetary Theory under […]

One of the changes that the credit crunch brought in was that rules that were previously considered normal were broken. Let me start with what looks like an example of a previous rule. Read HERE