That monetary policy has lost its effectiveness is common knowledge, although neo-liberal governments and economists continue their policy of pretend and extend. Bill Mitchell addresses the political aspect of fiscal policy as the alternative.
The European Union deliberately chooses to subjugate economic prosperity and the well-being of people (jobs, incomes, savings, etc) to maintain an adherence to an ideology that purposely redistributes real resources and incomes to the top […]
This article concerning the conflict between the United States and Russia – free of polemic, sensation and war mongering – is well worth reading. Read here
1,000 flights by private jet into and out of Switzerland for the five-day Davos event. Then there will be serious discussions about reducing CO2 emissions. There the rich will talk about redistribution of wealth, then […]