Discussing Japanese public finances is extremely difficult. It is not much different from the arguments 600 years ago about whether the world is flat. Critics claimed that eventually the ship will fall off the world into the void. Bust after 30 years Japan is still sailing the earthly seas.
Economics
Bill Mitchell: Operationalising core Modern Monetary Theory principles – Part 2
This is the second and final part of this cameo set, which aims to clear up a few major blind spots in peoples’ embrace with Modern Monetary Theory (MMT). Read here
Climate Crisis
Energy Transition: ‘The amount of energy required by direct air carbon capture proves it is an exercise in futility’
Removing CO2 directly from the air requires almost as many joules as those produced by burning the fossil fuel in the first place Read Here
Economics
Bloomberg: German Economy Heads for Worst Growth in Six Years
Angela Merkel´s incompetence in her handling of Brexit is already seriously damaging the German economy with knock on effects for the rest of the EU. Read here
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