When a high-ranking European policymaker like Christine Lagarde gives a keynote speech on “policymaking in an age of shifts and breaks” at a meeting of the world’s most important central bankers, one should listen carefully. Because that is indeed what matters in this world: how to manage the inevitable structural change without making serious macroeconomic mistakes.
Climate Crisis
Matthias Schmelzer: ‘Green Growth’ Won’t Prevent Climate Collapse. ‘Degrowth’ Might
There is an increasingly divisive debate about whether “green growth” or overcoming the growth paradigm altogether is the better way to achieve rapid emissions reductions and a more livable world. Read HERE
Austerity
Heiner Flassbeck – Common Sense and Macroeconomic Logic
Most economists and journalists don’t understand that when companies save rather than borrow and make investments, the state must run a deficit – a lesson that surplus-crazy Austrians and Germans have not learned, yet. Heiner […]
EU politics
Binoy Kampmark: The theatre of Palestinian recognition
‘Idealised and envisaged in a certain way, Palestinian statehood, should it ever emerge from its tortured and tormented chrysalis, will remain mediated through the powers and preferences of others.’ Read Article HERE
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