“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
Austerity
Bill Mitchell: The fundamental realignment of British society via fiscal austerity
Mitchell ‘s conclusion: “It is almost inconceivable that an advanced nation could tolerate the sort of changes that have been occurring in Britain over the last 8 years or so.” Read here
EU politics
The Guardian: Young people are borrowing to cover basic living costs, warns City watchdog
The economic situation of young people between 18 and 34 in Britain is deteriorating. Their indebtedness and over-indebtedness are increasing rapidly, but not because they are necessarily living beyond their means, but simply to meet essential […]
Finance
Gabriel Zucman: The desperate inequality behind global tax dodging
Nearly 10% of the world’s wealth is held offshore by a few individuals. The rest of us pay the price for this theft Read here
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