It is perhaps time to abandon the old idea according to which reduction of inequalities should be left to income tax, while the retirement schemes should content themselves with reproducing them.
Economics
Bill Mitchell: The effectiveness and primacy of fiscal policy – Part 3
“This is the final part of my three-part series on the why I have confidence in the primacy of fiscal policy over monetary policy and eschew any proposals, by other Modern Monetary Theory (MMT) advocates […]
Corruption
Politico: Mafia harvest rewards from EU farm funds
Odd, in Italy they are called mafia, in Northern Europe Business-people. Read here
Economics
Ms Merkel’s Spectacular V-Recovery: Turnover in accommodation and food services in August 2020 -22.2% real than a year earlier – and that before the second Corona Wave
Just a month and a half ago the German government proved that the nation was in the midst of an unstoppable V-Recovery. In reality thing looks somewhat different. Read here
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