Economic policy is not made by a meritocracy in which the people with the best ideas get the most say. Nor of course is it a democracy in which we all have equal say.
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Chris Dillow: The futility of economic policy debate
EU politics
Paul Mason: Catalonia, Lombardy, Scotland … why the fight for self-determination now?
The EU has always had a problem with Democracy, which is again evident in the case of Catalan independence. This is defined in 1 (2) of the UN charter . But then the EU invokes […]
Economics
Reuters: China’s economy cools sharply in April as lockdowns bite
April industrial output -2.9% y/y vs f’cast +0.4% April retail sales -11.1% y/y vs f’cast -6.1% Nationwide jobless rate highest since Feb 2020 Jan-April fixed asset investment +6.8% y/y, vs f’cast +7.0% Read Here
EU politics
AntiWar.com – Poll Shows Germans Oppose New US Missile Deployment
Chancellor Olaf Scholz is facing opposition about the deployment from within his own party Read HERE
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