Modern Monetary Theory (MMT) not only threatens vested neo-liberal interests in politics but also challenges the hegemony of mainstream macroeconomists who have been able to dominate the policy debate for decades using a series of linked myths about how the fiat monetary system operates and the capacities of currency-issuing governments within such a system. MMT exposes these myths.
With regard to EU-Commission President jean Claude Juncker’s speech concerning the future of the EU last week Mitchell writes: “Juncker’s speech displayed the usual mixture of hubris, denial and error-prone behaviour that has defined his […]
Capitalism’s new Achilles heel: logistic centres. Read here
Chakrabortty explains how the neo-liberal media is warming up to systematically denigrate its opponents, which in the UK are gaining political ground. Much of the mainstream media in Europe is not combatting Fake News, which they […]
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