In this article, we want to ask the simple question of how Argentina’s central problem, extremely high inflation, is to be tackled by the “markets”. Thereby, we use the contrasting example of Turkey, which is also much (and wrongly) discussed in the media, to show why it is almost impossible to return to moderate inflation anywhere in the world using the orthodox means of monetary policy.
EU politics
Christophe Guilluy: France is deeply fractured. Gilets jaunes are just a symptom
Nothing really new here, but it does document that French intellectuals are entering the 21st century. Anti-establishment is no longer synonymous with communism and fascism. Read here
Economics
Bill Mitchell: Central bank priorities are not the priorities of working people
The costs of inflation are minimal when compared to the devastating costs of unemployment Read Here
Climate Crisis
Green Finance Observatory: Carbon Markets will not make our Planet Great Again
It is well documented that carbon markets have failed spectacularly in achieving their environmental objectives and that many carbon offset projects have a devastating social impact. In spite of this evidence,carbon markets remain the main […]
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