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U.S. budget already deep in the red, and markets have shrugged
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Trump, Ocasio-Cortez and Japan also offer support for MMT case
Read here
Bloomberg: MMT Has Been Around for Decades. Here’s Why It Just Caught Fire
Economics
DeStatis – Germany: Manufacturing in June 2023, stock of orders -3.1% year on year
The calendar adjusted stock of orders was 3.1% lower in June 2023 than in June 2022. Not mercantilism on steroids. Read HERE
EU politics
Reporters United: Greek government’s hiring of PR giant Edelman raises questions of ethics and transparency
Greece has hired global PR behemoth Edelman to design and manage its communications strategy with foreign media. Edelman, who also advised Saudi Arabia after the Khashoggi murder was the sole bidder for the 1-million-euro contract. […]
Economics
Daily Sabah: UK on brink of recession as economy unexpectedly shrinks in August
Don’t forget that Britain is not only an important trading partner of the EU and Germany, but also has a large defict that supports their mercantile policy. Read Here
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