The Bank of England’s failure to respond effectively to the worst inflation in four decades underscores the need to abandon the outdated notion that fiscal and monetary policy can be kept separate. If governments are to be held responsible for investment and employment, they should also control interest rates.
Finance
Reuters: Uber, Lyft drivers are employees, says California regulator
For years, both Lyft and Uber have said that if they are forced to reclassify gig workers as employees that such a change would have an adverse effect on their profitability. Is anyone surprised? Read […]
Climate Crisis
The Malta Independent: Lengthy power cuts force people into air-conditioned cars to avoid the heat
We shall be harvesting more and more such crises as the results of the EU’s endemic corruption become visible. Matthew Caruana Galizia tweets “Corrupt politicians and businesses like SOCAR made Malta dependent on Azerbaijan and […]
Economics
Bill Mitchell: The British Chancellor cannot run short of sterling unless he chooses to do so
Despite knowing better, the British Chancellor continues the farce of “How shall we pay for this?” Read here
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