One question that continually comes up when I do interviews is this: If governments are not financially constrained in their spending why do they issue debt? Read here
With covid-19 we are facing a situation that (with the exception of two world wars) has no precedent. The second feature of today’s situation is its open-ended nature: no one knows when the pandemic will […]
A good piece on inflation and what causes it. Far from a problem, moderate rates of price increase signal a healthy, expanding economy. John Weeks is PEF Council Coordinator, Professor Emeritus, School of Oriental & […]
Modelling the imperative of degrowth: to bring energy demand down to the point where we can eliminate carbon emissions by 2030, in a safe and just way. At first glance the article may appear technical […]
Public stimulus delivered by central banks cannot entrench our existing carbon-intensive economic system. We must use the tools of fiscal and monetary policy to accelerate a green recovery. Katie Kedward is a heterodox economist & […]
The failure of neo-liberal states in their preparations against coronavirus lies in the nature of neo-liberalism. Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst, and a visiting professor in […]
Professor Heiner Flassbeck shows it defies macroeconomic logic to promote surpluses for Germany, prohibit government deficits everywhere else and forbid the central bank from acting as the central bank of each and every EURO member
A compelling and very sobering look at Europe’s economic future. This applies for all of Europe. No V recovery. No return to normal. Everyone jumping in planes to spend their Summer holidays in Southern Europe […]
Over 3,000 people work in the factories of Japanese carmaker, which moves out after 40 years of activity. Read here
The ECB is the currency issuer and it does more or less what it likes to keep the Member States solvent. Read here
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