For macroeconomics, we might think of progress as occurring one crisis at a time
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Austerity
Bill Mitchell: The assault on democracy in Italy
With Bill Mitchell’s blog we continue our series of analyses concerning the recent events in Italy. Read here
Economics
Destatis – German Recession: Trade surplus with the US in January to July 2025 down 15.1% from the same period a year earlier
Bad news for mercantile Germany. And Trump’s tariffs are just beginning, while German exports to China are falling rapidly. Export surplus in trade with the US dropping to 34.6 billion euros, the lowest level recorded […]
Economics
Bill Mitchell: Low US unemployment does not negate the conclusion that the US economy is now in recession
A healthy society cannot have millions of people of working age permanently on disability support because Covid has rendered them unable to work. Read Here Photo by Steelcase via Wikimedia Commons
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