It is noticeable that the economic mainstream is becoming increasingly uncomfortable by the increased interest in Modern Monetary Theory. Bill Mitchell is right. There appears to be an effort to co-opt Modern Monetary Theory under the motto: There is no real difference between them and us. It is a minor conflict. But it isn´t. Mitchell does a brilliant job of defining the most important differences in this article.
Czech PM Andrej Babiš is the de facto owner of major #titaniumdioxide producer Precheza. Is it any wonder that the Czech Govt & Babiš’ MEPs tried to block the chemical’s classification as “suspected carcinogen”? No. […]
The higher a country’s ad spend was in one year, the less satisfied its citizens were a year or two later. Their conclusion: Advertising makes us unhappy. Read here
In the second quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a deficit of €37.4 billion (–1.0% of GDP), down from a surplus of €8.8 billion (0.2% of […]
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