The latest information from Japan suggests that in December 2023, its inflation fell sharply for the second consecutive month and that one might conclude the inflation episode is coming to an end. The Bank of Japan made the assumption that this supply-side inflation was temporary and would subside fairly quickly once those constraints eased. And they were right
EU politics
Bill Mitchell: IMF reform proposals for the Eurozone are just weak band aids that cannot fix the dysfunctional mess
All the other options – such as the IMF’s current plan – just put band-aids over the mess – and they are weak bandages at best. Meanwhile, the ECB will have to continue funding the […]
Geopolitics
Jeffrey St. Clair: A Cry in the Darkness: “Please Come, Come Take Me”
The pleas of Layan and Hind have given voice to an awful abstraction: 13,000 murdered children in Gaza. Read HERE
EU politics
Robert de Vries and Aaron Reeves: Why do people care more about benefit ‘scroungers’ than billions lost to the rich?
The authors identify a phenomenon that we saw in the election of Donald Trump as president of the USA: People identify with the rich and powerful – to which they will never belong – rather than […]
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