Depressing reading, but as you would expect of Bill Mitchell, well documented.
Read here
Economics
capital.com: EasyJet asks for bailout despite £170m dividend payment
This is exactly what we have been warning about. Firms, that pay little tax, generously support their rentier shareholders and expect the taxpayers to then bail them out. Read here
Austerity
Bill Mitchell: The ‘fiscal contraction expansion’ lie lives on – now playing in Italy – Part 1
“Pathetic was the first word that came to mind when I read this article – The Italian Budget: A Case of Contractionary Fiscal Expansion? – written by Olivier Blanchard and Jeromin Zettlemeyer, from the Peter […]
Climate Crisis
Washington Post: Germany portrays itself as a climate leader. But it’s still razing villages for coal mines
Like the EU – and where did they learn it from? – Germany likes to portray itself as virtuous and good. But these are not dirty little secrets. They are one big lie. Read here
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