Real earnings down for the third consecutive year in 2022. German workers once again supporting German mercantlism by accepting wage cuts.
Austerity
Robert Skidelsky: How austerity broke Britain – and how we can recover
After ten years of wrongheaded and brutal spending cuts, Keynes’s warning that bad economics produces political extremism is more important than ever. Read here
EU politics
Politico: EU capitals want media law carve-out to spy on reporters
The Orwellian ‘European Media Freedom Act’ – a very serious attack on journalism. Read the article HERE.
Economics
Bill Mitchell – US labour market deteriorating – health and economic policy failures
Getting caught on the EU’s largest trading partner – with a round 200 billion trade surplus Read here
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