Bill Mitchell: Inflation falling in the US and expectations are sharply in decline

Davos: “They are loath to pay a living wage, but they will fund a philharmonic orchestra. They will ban unions, but they will organize a workshop on transparency in government.” Read here  

A skewering of the brutal austerity in Greece which led to the country’s train disaster. Read the article HERE.

The problem is that central bankers keep referring to wage-price spirals and expectations to justify their decisions to hike rates. The reality is that those justifications are just smokescreens and there is no justification for […]