When is MIT-style New Keynesianism not just NON Keynesian but ANTI Keynesian? When it recommends (along with sensible macro stabilization) radical, pro-business micropolicy to a country engaged in an existential fight for survival.
Economics
DeStatis – Germany: Manufacturing in November 2022: new orders down 11% year on year
This is not good news for a mercantilist nation: Real (price adjusted) new orders in manufacturing decreased by 5.3% on a seasonally and calendar adjusted basis in November 2022 compared with October 2022, according to […]
Economics
Michael Pettis – The Only Five Paths China’s Economy Can Follow
here is increasingly a consensus in Beijing that China’s excessive reliance on surging debt in recent years has made the country’s growth model unsustainable. Aside from the economy’s current path, there are only four other […]
Geopolitics
Consortium News: Iran Damaged 33,000 Structures in Israel
The damage assessment in Israel from Iran’s counterattack against Tel Aviv’s unprovoked aggression against Iran last month is coming in. Despite strenuous efforts by Israeli authorities to suppress news from bomb sites, the extent of […]
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