We had one central bank – the Bank of Japan – defying the consensus of central banks, the IMF, and taking on the financial markets and holding interest rates unchanged for the duration of this episode to date.
Economics
Bill Mitchell – Claiming the European Union is close to full employment defies the meaning of language
While politicians continually want to claim that their nations or areas of responsibility are ‘close to full employment’ the data rarely bears out that assessment. And think of it this way – the mainstream economists […]
Austerity
Chris Dillow: CONSERVATIVES & AUSTERITY
Austerity is a weapon in class warfare. Chris Dillow ponders “why are Conservatives so supportive of such austerity?” His hypothesis is: Fiscal austerity is needed in order to maintain the “natural” hierarchy in which the […]
Economics
Ann Pettifor – Britain is Owned
To be a foreign asset is to be owned Read HERE
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