We are now entering phase 2 of the New Keynesian policy folly. Phase 1 – was the rising interest rates to fight an inflation that was not interest-rate sensitive. Phase 2 – run policy so […]
Wren-Lewis has become an ardent critic of the media and its failings. Here he offers further criticism and a possible solution. The difficulty is that the mainstream media has always supported the ruling elite, even […]
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