Bill Mitchell: Modern Monetary Theory is just plain old bad economics – Part 1

Part-time “underemployment” has, statistically replaced the mass unemployment we remember from the 1980s. As Johnson says: “A majority of people who are classified as poor now live in a household where someone is in work. […]

The EU hegemon speaks. This is the same German Commissioner who called upon the markets to crush Italian state finances if the government passed a budget above a deficit of 2 %. Read here

Interview with Wolfgang Streeck, German political economist. We only wish that we could have cross-posted this. Read here