Who says that trickle down does not work?. For almost two years progressive economist have been hammering away that although governments have debts, they also have assets. Translated, you may have a mortgage of 100,000 euros (Heavens above, you are in debt!), but a house worth 500,000 euros (actually not so bad). While in many instances, public debt cannot be compared to private debt, in this one instance you can. If the British government purchases the railways, it may have debt, but it also has the railways. It took a while, but Aditya Chakrabortty has always been the intellectual avant garde among journalists. Other journalists will follow – and this fact will eventually reach voters. Hopefully before the general elections.
EU politics
DW News – Wagenknecht steps down as BSW leader
The strange demise of Wagenknecht’s so-called ‘left-conservative’ party, having looked so electorally promising at one stage, is worthy of study. Read the article HERE.
Economics
DeStatis – Germany: Building permits for dwellings issued in February 2023 -20.6% on the same month a year earlier
The ECB’s interest rate hikes are having clear negative effects on the housing market in Germany. Building permits for new construction issued in January and February 2023: -28.4% for single-family houses, -52.4% for two-family houses, […]
EU politics
Politico – EU to slap new sanctions on Hamas
As Israel’s genocide goes on, the EU hones in on punishing…Hamas. Read the article HERE.
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