Many regions in Europe are stuck in a development trap, finding it hard to regain past dynamism and hopes of greater prosperity.
Austerity
Bill Mitchell – The ‘disciplining role of markets’ should be replaced by the disciplining role of democracy
Capital through its lobbying power has also meant that there is now democratic deficits rising all around the world. So, we don’t even get to express our political choices on an even playing field. Read […]
Economics
Bill Mitchell: The effectiveness and primacy of fiscal policy – Part 3
“This is the final part of my three-part series on the why I have confidence in the primacy of fiscal policy over monetary policy and eschew any proposals, by other Modern Monetary Theory (MMT) advocates […]
Economics
Germany’s Not So V-Recovery: Production in August 2021: -4.0% on the previous month
In August 2021, production in industry was down by 4.0% on the previous month on a price, seasonally and calendar adjusted basis according to provisional data of the Federal Statistical Office (Destatis) Read here Link
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