Germany follows its strategy of fighting a demand side inflation, while experts explain it is the supply side that is the cause
The Spanish inflation rate in June slowed sharply to 1.9%, which is below the ECB’s inflation target. Gas price cap in power production, limits on rent increases, windfall profit taxation etc. early on did make a difference.
Harmonised index of consumer prices, June 2023:
+6.8% on the same month a year earlier (provisional)
+0.4% on the previous month (provisional)
What is missing from the debates over monetary policy today is the understanding that the Fed was not established to control inflation. It was created to prevent financial crises by acting as a lender of […]
In 1945 Karl Polanyi outlined a vision of a peacetime global state system with a political economy in which small countries could be both sovereign and democratic. The present essay reviews developments between then and […]
When money determines politics. The campaign is seeking million-dollar donations from dozens of the world’s biggest names in media, finance and tech, Semafor reported. Read HERE
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