Merkel and Macron do not want to change Europe. They are conservatives trying to maintain the status quo. That spells the end of the EU.
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Economics
CNBC: U.S. GDP fell at a 1.4% pace to start the year as pandemic recovery takes a hit
Gross domestic product in the U.S. declined at a 1.4% pace in the first quarter, below analyst expectations of a 1% gain. Declines in fixed investment, defense spending and the record trade imbalance weighed on […]
Economics
Bill Mitchell: It’s Modern Monetary Theory time! No, it always has been!
The shams about governments not having enough money to provide adequate housing, schooling, health care, employment, other services, and a sustainable response to climate change are now exposed for all to see. Read here
EU politics
Michael Roberts: Regulation of banks does not work
There is one big lesson from the Danske Bank money laundering scandal. Regulating the modern banking system does not work. Modern banks are now primarily giant hedge fund managers speculating on financial assets or they […]
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