Bill Mitchell: Where are all the economists? Its lucky they have gone AWOL

The ‘cost of living’ crisis has structural dimensions – the privatised essential services etc which has spawned profiteering at the expense of service quality and scope and has been a problem for several decades now.

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File photo dated 21/09/15 of Kyle McCormick at a Trussell Trust foodbank in Blawarthill Parish Church, Glasgow, as more than half a million emergency supplies were handed out at Trussell Trust foodbanks in the six months to September, showing that hunger is still a “major concern” for low income families. PRESS ASSOCIATION Photo. Issue date: Wednesday November 18, 2015. A total of 506,369 three-day emergency food supplies were given to people, a 3% increase on the same period last year. See PA story SOCIAL Foodbanks. Photo credit should read: Danny Lawson/PA Wire

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