Bill Mitchell: The so-called euro stability spawned banking system that caused havoc

See the link above. These numbers from the article say it all: “Eight of the 100 companies with the highest taxable income had effective tax rates of zero, including some which had negative rates — […]

Bill Mitchell/Warren Mosler provide a great primer on Modern Monetary Theory, and a reminder of 25 years of thinking/observation that’s gone into what’s become a precise body of work. Read here

From Financial Times – Alphaville (It is free, but you have to register) Victor Xing of Kekselias looks at how central banks are dealing with the distributional effects of their policies. Read Here