With regard to Modern Monetary Theory (MMT) there is a debate in progress in Britain between Simon Wren-Lewis and Jonathan Portes, who are guiding the economic policy of the Labour Party and Richard Murphy, a supporter of Labour, but also a stout representative of Modern Monetary Theory. It is interesting to not how close MMT is coming to government policy. Chris Dillow gives his take on the dispute.
Around 200,000 people have marched through Barcelona against the high-profile trial of Catalan separatist leaders that started this week, which they dismiss as a farce. “Self-determination is not a crime,” read a banner at the […]
As one sees there is no difference between the “centrist” corrupt Partido Popular and the “centrist” corrupt Social Democrats in Spain. This is pretty much true throughout most of Europe South of Scandinavia. Read here
After being crushed ba the EU, the European Central Bank, and the IMF and the sellout by Syriza, Greece appears to be returning to its oligarchic legacy. That is not reform, that is reactionary politics. […]