Consumer price index, August 2022
+7.9% on the same month a year earlier (provisional)
+0.3% on the previous month (provisional)
Economics
Bill Mitchell: Why do currency-issuing governments issue debt? – Part 1
One question that continually comes up when I do interviews is this: If governments are not financially constrained in their spending why do they issue debt? Read here
Geopolitics
Scheerpost: US Blocks Yemen-Saudi Peace Deal
New sanctions on the Houthis will make it impossible for the first phase of the Saudi-Houthi peace deal to be implemented. Read HERE Saudi Arabia Armed Forces. Qrmoo3, CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0, via Wikimedia Commons
Austerity
Frances Coppola – Greece: The Greatest Depression
The Greek people have just lived through a Depression as deep as the Great Depression and considerably longer. It is now the greatest recorded peacetime Depression. Read here
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