Producer prices of industrial products (domestic market), August 2022
+45.8% on the same month a year earlier
+7.9% on the previous month
Economics
Bill Mitchell: Fiscal stimulus disappears into saving – solution – bigger stimulus was needed in the first place
Wasn’t there once something called “demand side economics”? Read here
EU politics
UNI Europa: EU gives green light for €1 billion to companies that undermine workers’ rights
Public procurement in the EU is worth €2 trillion a year (14% of GDP). Half of public tenders are awarded on the basis of the lowest price alone, without any other consideration. As a result, […]
Austerity
Bill Mitchell: Japan national accounts – sales tax rise, growth collapses – as night follows day
Please also see Michael Roberts – Japan: Abenomics revisited Read here Tokyo, Japan. Photo by Francisco Diez. CC BY 2.0 via Wikimedia Commons.
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