When ever there is high inflation it is used as proof that Modern Monetary Theory is debunked. This is the case in Turkey. The real culprit is the neo-liberal policy of the IMF
Economics
Michael Roberts Blog – Turkey: total meltdown
It will be interesting to see how Erdogan manoeuvres Turkey out of this crisis…or not. Read here
Austerity
Bill Mitchell – When disaster strikes the poorest nations, the IMF guarantees to make it worse
While even many progressive economists were effusive about the advances being made in IMF policy the same neo-liberal destruction continues in practice. Read here
Economics
Trading Economics: Eurozone manufacturing is contracting
The S&P Global Eurozone Manufacturing PMI contracted to 49.8 in July of 2022 from 52.1 in June, pointing to the slowest growth in factory activity since June of 2020. This is the recession we have […]
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