Bill Mitchell: US labour market reverses direction but for how long?

Austerity is a weapon in class warfare. Chris Dillow ponders “why are Conservatives so supportive of such austerity?” His hypothesis is: Fiscal austerity is needed in order to maintain the “natural” hierarchy in which the […]

If we look back, it was high wages and the power it gave to workers that caused the reaction known as neo-liberalism. Thus this is no coincidence. Workers will not strike for more free beer […]

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 […]