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
Austerity
Bill Mitchell: Bottom up reform in the EMU requires the abandonment of the Treaties
The question is when will Brussels seeks to reinstate the Stability and Growth Pact. Read Here
Corruption
Romania-Insider.com: Former Romanian interior minister sentenced to 5 years in prison
Romania has been a member of the EU for 10 years. Corruption remains endemic, but that does not appear to bother the EU in the least. Read here
Economics
Bill Mitchell – US Labour Market – cheering but it is too early to break out the champagne
The numbers filing for unemployment insurance continue to rise and now top 43.2 million since March 7, 2020. A further 1.9 million filed in the week ending May 30, 2020. Read here
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