This morning has brought more warning signs for the Euro area economy. This adds to the backdrop where the PMI business surveys have been suggesting a decline of 0.4% for GDP in the quarter just ended.
Economics
Peter Bofinger and Thomas Haas: A Nobel Award for the Wrong Model
Diamond-Dybvig-Bernanke is a flawed model of banking that has no room for a lender of last resort Read Here Ben Bernanke Dollar by Gage Skidmore
Austerity
Aditya Chakrabortty: Why do we let greedy financiers profit from the pain of foster children?
Privatisation is destroying our society. Once again Aditya Chakrabortty takes a tiny sliver of society and shows how the “free market” is destroying everything it touches, be it people or environment. Profit is all that […]
Austerity
Aditya Chakrabortty: The epitaph for Tory austerity has been written, and it’s damning
This is what Brexit is really about, but this has been a hand in hand exercise of the British elite and the EU political class. Read here
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