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of England’s failure to respond effectively to the worst inflation in four decades underscores the need to abandon the outdated notion that fiscal and monetary policy can be kept separate.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
Michael Roberts: MMT 2 – the tricks of circulation
In this post Michael Roberts delves deeper into the analytics of MMT Read here
EU politics
German Foreign Policy: Far-right flying high
The number of racist attacks on refugees is soaring in Germany. Far-right offences average 100 per day, while the AfD are further boosted by a CDU anti-immigrant motion in the Bundestag. Read HERE
Climate Crisis
UNDP: Fossil fuel subsidies reform could limit climate change while tackling global inequalities. Here’s how
The world is spending billions of dollars on fossil fuels subsidies while hundreds of millions of people live in poverty. Priorities must shift if we want humanity to survive. Read here
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