“When I say that I think the inflationary pressures are transitory, one shouldn’t conclude that means they are short-lived.”
Read here
Bill Mitchell: Euro area inflation is not accelerating out of control
Economics
Ms Merkel’s Spectacular V-Recovery: Turnover in accommodation and food services in August 2020 -22.2% real than a year earlier – and that before the second Corona Wave
Just a month and a half ago the German government proved that the nation was in the midst of an unstoppable V-Recovery. In reality thing looks somewhat different. Read here
Finance
The Nib: The Wealthy Aren’t Paying Their Share. How Do We Get Rid of Tax Havens?
Despite Panama and Paradise Paper revelations, and hubristic political promises, tax havens continue to support tax evasion and looting by global elites. This superb infographic tells the sordid story of a global failure. Read here
Economics
Ann Pettifor: Paul Volcker didn’t save the economy. He trashed it.
When people look back at 1970s inflation, they miss the real story. Read Here
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