Bill Mitchell: When ‘new’ is really old and doesn’t get us very far – latest BIS paper

The World Trade Organization on Friday decided to indefinitely postpone its ministerial meeting set to open next week after Switzerland tightened entry restrictions in response to the emergence of a new coronavirus variant. It would […]

The pressure to raise interest rates seems to run parallel to the pressure to re-introduce austerity. Is there any reason for either? Read here  

The coronavirus shock has shaken the world’s stock markets, imposing the need for massive state bailouts. But the measures to deal with the crisis risk spurring an authoritarian controlled capitalism — one that protects corporate […]