Thanks to the massive interest rate increase by the ECB, inflatiion, and the totally chaotic policies of the German government (Social Democrats, Greens, and Liberals) Germany has registered the largest decline in residential property prices from the same quarter of the previous year since the beginning of the time series in 2000.
Finance
Branko Milanovic: If you want to be rich, you’d better be born in, or emigrate to a rich country
Branko Milanovic explains the current state of global inequality Read here
Climate Crisis
City Lab: Why Sweden Wants to Revive Europe’s Night Trains
The Swedish government sees this low-cost, environmentally friendly travel option as key to “becoming the world’s fossil-free welfare country.” Read here
Economics
Bill Mitchell: The divide between mainstream macro and MMT is irreconcilable – Part 1
It is noticeable that the economic mainstream is becoming increasingly uncomfortable by the increased interest in Modern Monetary Theory. Bill Mitchell is right. There appears to be an effort to co-opt Modern Monetary Theory under […]
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