Many commentators keep falling into the trap of saying that history is repeating itself – meaning that it is the 1970s over again. I maintain my position that this is not akin to what was going on in the 1970s although there are similarities – energy price rises accompanying war, etc. And if we make the same mistakes that were made in the 1970s now, then not only will the inflation persist but millions of workers will lose their jobs and their incomes.
It is noticeable that the economic mainstream is becoming increasingly uncomfortable by the increased interest in Modern Monetary Theory. Bill Mitchell is right. There appears to be an effort to co-opt Modern Monetary Theory under […]
If you can’t beat them (not in the literal sense as was the case at the G-20 in Germany recently), then forbid them Read here
The decision permits UK, other countries to oppose the jurisdiction Read HERE
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