MMT is about the way the world actually works. It explains why big deficits do not drive up interest rates or “crowd out” private investment, and why big governments in big countries don’t go bankrupt.
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EU politics
Harrison Stetler – Emmanuel Macron Takes a Stand: No Tax Increases for the Rich
‘New French prime minister Michel Barnier wants to cut the budget deficit, but the president and his allies are resisting all talk of tax increases. They’re dead set on spending cuts — and to pass […]
Economics
DeStatis – Germany: Highest inflation rate in 71 years
Consumer price index, October 2022 +10.4% on the same month a year earlier (provisional result confirmed) +0.9% on the previous month (provisional result confirmed) Harmonised index of consumer prices, October 2022 +11.6% on the same […]
Austerity
The Guardian: Grenfell survivor blames landlord’s ‘cancerous’ decisions for disaster
Housing too has become “a commodity to be exploited”. This is nothing new, as Henry George recognised 150 years ago. This fact includes many danger, and as we saw with Grenfell Tower, not only social […]
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