In this article, we want to ask the simple question of how Argentina’s central problem, extremely high inflation, is to be tackled by the “markets”. Thereby, we use the contrasting example of Turkey, which is also much (and wrongly) discussed in the media, to show why it is almost impossible to return to moderate inflation anywhere in the world using the orthodox means of monetary policy.
Economics
DeStatis – Germany: Exports in August 2023: -5.8% year of year
This is not good news for Germany’s mercantilist economy. Read HERE
EU politics
Anton Jäger – Political Instincts?
As civic life continues its steady decline, politics is becoming ever-more volatile. In New Left Review’s ‘Sidecar’. Read the article HERE.
Economics
ING Think: French industrial production falls
Optimism at the beginning of the year was probably premature. Manufacturing output fell sharply in January in France, confirming that industry is currently in a strong slowdown phase, which is likely to continue over the […]
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