The Bank of England’s failure to respond effectively to the worst inflation in four decades underscores the need to abandon the outdated notion that fiscal and monetary policy can be kept separate. If governments are to be held responsible for investment and employment, they should also control interest rates.
Economics
James Galbraith: Modern Monetary Realism
While in the UK economists seem to be losing it completely in the discussion around Modern Monetary Theory (which is why we do not cross-post most of it) and the rest of the continent is […]
EU politics
Spiked: Wolfgang Streeck – ‘The EU is an empire’
Wolfgang Streeck on why the EU is a deplorable institution that we must leave. Read here
Economics
Larry C. Johnson: Trump’s Bogus Claims About Progress in Talks with Iran Just Made Some Insider a Lot of Money
President Donald Trump abruptly paused “Project Freedom” — a US military operation to escort ships through the Iranian-blockaded Strait of Hormuz — roughly 36 hours after it began. According to NBC News, the reversal came […]
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