Why do people still respect politicians? Or even feel sorry for them even though they work against the public interest and are thoroughly corrupt? Chris Dillow provides some answers.
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Chris Dillow: Biased to the Powerful
Finance
Brett Scott: The cashless society is a con – and big finance is behind it
Banks are closing ATMs and branches in an attempt to ‘nudge’ users towards digital services – and it’s all for their own benefit Read here
Economics
Bill Mitchell: China slowdown highlights the madness of the Eurozone austerity
The chickens are coming home to roost at present and the irony of all this is that ultimately German and Dutch external surpluses will fall below the allowable EU imbalance threshold of 6 per cent […]
Austerity
Bill Mitchell: The ‘fiscal contraction expansion’ lie lives on – now playing in Italy – Part 1
“Pathetic was the first word that came to mind when I read this article – The Italian Budget: A Case of Contractionary Fiscal Expansion? – written by Olivier Blanchard and Jeromin Zettlemeyer, from the Peter […]
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