“When I say that I think the inflationary pressures are transitory, one shouldn’t conclude that means they are short-lived.”
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Bill Mitchell: Euro area inflation is not accelerating out of control
Finance
Robert Reich: Break up Facebook (and while we’re at it, Google, Apple and Amazon)
Big tech has ushered in a second Gilded Age. We must relearn the lessons of the first, writes the former US labor secretary. Read here
Economics
Bill Mitchell: Champagne socialists in the banking sector reaping millions from public money
The rate hikes now being implemented by most central banks are not just allowing the commercial banks to widen spreads between deposit and lending rates which will generate significant windfall profits for the banks and […]
Economics
Chris Dillow: The decline of the impartial spectator
Chris Dillow describes the elite that is determining our lives – and our destruction. Read here
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