Their unprecedented profits over the past year have shown their unwillingness to adapt.
Economics
Bill Mitchell: Operationalising core MMT principles – Part 1
Things seem to come in cycles. We have been at this for some years now – trying to articulate the principles of Modern Monetary Theory (MMT) in various ways in various fora. Read here
Finance
Politico – China sues the EU over EV duties
The EU has hiked tariffs on Chinese electric vehicles from 8 to 35 per cent. Beijing is taking a lawsuit to the WTO “to safeguard the development interests of the electric vehicle industry and global […]
Austerity
Bill Mitchell: IMF changes tune on industry policy – shamelessly – Part 1
First it was capital controls (no one talks about the success of Iceland with this policy) that the IMF revised. Now it is what the IMF refers to as “The policy that shall not be […]
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