Bill Mitchell: When ‘new’ is really old and doesn’t get us very far – latest BIS paper

Diamond-Dybvig-Bernanke is a flawed model of banking that has no room for a lender of last resort Read Here Ben Bernanke Dollar by Gage Skidmore

Although the article is about the current economic situation in Australia, it is applicable to the EU. Read here

So much for the myth that the private sector is cheaper and better. The housing crisis is not a demand side problem, but a supply side, as companies seek excessive profits. Read here