I repeat my position on dealing with the current inflation:
1. Hold interest rates constant (as in Japan).
2. Do not expand fiscal policy significantly.
3. Provide fiscal support to the low-income families.
4. Watch the supply-side reversal gather pace.
In Germany long-term price stability has meant suppression of wages. This has enabled its mercantilist policy, which has been so disastrous for the euro-nations. Read here
Germany in particular is highly exposed to geoeconomic rivalry around key technologies such as semiconductors. The EU’s attempts to protect its industrial core are not convincing. In New Left Review’s ‘Sidecar’. Read the article HERE.
It is simply amazing, while the London Chattering Class is going on about Brexit and its anti-Corbyn tirades, Labour is inexorably continuing its focus on climate change, neo-liberalism, and inequality. Read here
Copyright © 2024 | MH Magazine WordPress Theme by MH Themes
Be the first to comment