Once again we learn that QE has not helped the real economy, just bailed out the banks and corporations
Read here
Bill Mitchell: Bank of England finds QE did not increase bank lending: who would have thought
Austerity
LETA100: Latvian Healthcare workers to organize “A Day without a Doctor” in protest against insufficient healthcare financing
As far as the eye can see in the EU: Austerity Read here
Climate Crisis
Bill Mitchell: The climate emergency requires us to reset our understanding of fiscal capacity. It is already, probably, too late
The climate emergency is of another scale again though. And penny pinching now will cause immeasurable damage to humanity. Food security will be threatened. Urban environments will become unliveable. Pandemics will increase if we don’t […]
EU politics
Thomas Piktetty – Budget 2018: French youth sacrified
Macron’s 2018 Budget fits in the EU pattern: More Money for the wealthy, less for the young, in this case for higher education. Read here
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