It will be madness if Italy bows to the pressure from the European Commission and the IMF and its related bullies like Blanchard and Co. and engages in more fiscal austerity.
Italy is on the edge right now. It recorded zero growth in the September-quarter 2018.
It simply must engage in fiscal expansion and enjoy the positive reinforcing private spending effects that will flow from that.
The need to revamp Western capitalism has brought renewed attention to Modern Monetary Theory (MMT), a school of thought that offers an important and bold perspective on economics and policy solutions. Read here
Tens of thousands have taken to the streets in opposition to a new law that imposes drastic conditions on working people in Hungary. The contentious law increases the limit on overtime to 400 hours a […]
Norway’s centre-left opposition parties are on course to win a majority in parliament after Monday’s election and will now negotiate how to form a coalition, with climate change and a widening wealth gap expected to […]
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