The decline in US GDP reported for the first quarter is not a big deal, and it is very possible that it will be reversed when the data is revised over the next two months. But it is the wrong direction. If Donald Trump envisions that we will surpass China and retake the leadership as the world’s dominant economy, we are so far going the wrong way.
EU politics
Spain in English: Public media heads indicted as ‘criminal organisation’
Spain is making Poland and Hungary appear to be enlightened liberal democracies, but they do have a German car factory and do what the Germans say, so hey, lets just look away. And when were […]
Regulation
Dean Baker, Achal Prabhala, Ariun Jayadev – Want Vaccines Fast? Suspend Intellectual Property Rights
India and South Africa have called for developers to reduce barriers to mass-producing generic Covid-19 vaccine by waiving intellectual property rights Dean Baker the senior economist at the Center for Economic and Policy Research, Achal […]
Economics
Bill Mitchell: The Japanese denial story – Part 2
This is the second of two excellent articles of analysing Japan’s finances and economy in relation to MMT. What one always has to give Bill Mitchell credit for is that climate change always plays an […]
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