When people look back at 1970s inflation, they miss the real story.
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Economics
Ms Merkel’s Breathtaking Economic V-Recovery – Corona crisis has hit the German restaurant industry hard: turnover in March to August 2020 was down 40.5% from the same period a year earlier
The number of persons employed dropped by 17.6% in March to August 2020 from the same period a year earlier Bars and pubs are substantially affected: turnover decreased by 45.5% over the same period, the […]
Inequality
Branko Milanović: The Great Convergence
Fascinating insight into global inequality trends. Published in Foreign Policy. Read the article HERE.
Austerity
Bill Mitchell: Either the Eurozone as we know it is dead or Italy goes out – latest research
Research finds that if the technocrats start forcing Italy into austerity measures via a return to the Excessive Deficit Mechanism (and enforcement of the Stability and Growth Pact fiscal rules) then the majority of Italians […]
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