As gatekeepers to the news, Google and Facebook pose dangers to even the most successful outlets. Legislators need to speed the process of bringing them to heel
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Austerity
Trades Union Congress – Unsecured debt hits new peak of £15,400 per household – new TUC analysis
With dpressed wages the question was, how can workers buy the products that capitalists produce when they had so little money in their pocket? The answer: credit. Read here
Corruption
Reuters – Explainer: Europe’s money laundering scandal
A nice summary of EU money-laundering – up to now. This story still has a lot of road ahead of it as the US authorities tend to be more strident in their investigations (see the […]
Economics
Bill Mitchell: Operationalising core MMT principles – Part 1
Things seem to come in cycles. We have been at this for some years now – trying to articulate the principles of Modern Monetary Theory (MMT) in various ways in various fora. Read here
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