Economic policy is not made by a meritocracy in which the people with the best ideas get the most say. Nor of course is it a democracy in which we all have equal say.
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Chris Dillow: The futility of economic policy debate
Economics
Bill Mitchell: The inflationary episode is being driven by profit gouging and interest rate hikes won’t help much
One recent report from the British Unite the Union (published March 2023) – Unite Investigates: Profiteering across the economy—it’s systemic – provides convincing evidence that: We’re living in the midst of a cost of profiteering […]
Economics
Bill Mitchell: More evidence that the current inflation is ephemeral
The pressure to raise interest rates seems to run parallel to the pressure to re-introduce austerity. Is there any reason for either? Read here
Finance
Evgeny Morozov: From Airbnb to city bikes, the ‘sharing economy’ has been seized by big business
To flourish, the informal digital networks providing new services needed to be protected from the market Read here
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