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of England’s failure to respond effectively to the worst inflation in four decades underscores the need to abandon the outdated notion that fiscal and monetary policy can be kept separate.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.
Economics
Pepe Escobar: Who profits from Pipeline Terror?
The whole of Germany’s economy was planned based on cheap Russian gas. There was no Plan B. The German government tried everything to avoid interference with this plan, be it the dlimate crisis as economics […]
Economics
DeStatis: German Economy sinks 0,3% in 4th quarter of 2021
Gross domestic product (GDP), 4th quarter of 2021-0.3% on the previous quarter (price-, seasonally and calendar adjusted)+1.8% on the same quarter a year earlier (price-adjusted)+1.8% on the same quarter a year earlier (price- and calendar-adjusted) […]
Economics
Shaun Richards: The ECB is slamming the brakes on the Euro area economy
The situation is simply that the ECB made things worse by ignoring the incoming inflation storm and now seems set to continue tightening when the outlook is better. So they made it worse on the […]
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