Everybody says we have an inflation problem. Everybody is wrong. What we have is a relative price problem.
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Economics
Bill Mitchell: The transitory inflation conjecture gains even more data credence
International economic data suggests the supply drivers of inflation may be abating. Read the article HERE.
Corruption
T. Sabri Öncü: To Loot or Not to Loot? How Public-Private Partnerships Harmed Turkey
Without the debt and income guarantees provided by the Turkish government, many of the Turkish PPPs cannot survive bankruptcy. Read Here Photo with thanks to https://pxhere.com/en/photo/661535
Economics
Bill Mitchell: Discredited academic dinosaurs continue to seek relevance
As many mainstream macroeconomics try to reinvent themselves after their reputations were trashed during and in the aftermath of the GFC, some are still trying to stay relevant by recycling the usual trash about deficits, […]
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