In the third quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a deficit of €90.2 billion (–2.3% of GDP), down from a deficit of €40.3 billion (–1.0% of GDP) in the second quarter of 2022 and down from a surplus of €74.3 billion (+2.0% of GDP) in the third quarter of 2021
Economics
Bill Mitchell: On money printing and bond issuance – Part 1
Now that prominent mainstream economists have grudgingly accepted some of the elements of Modern Monetary Theory, they are simultaneously trying to discredit it to save face. Read here
Economics
Heiner Flassbeck – The supply shock that is a demand shock
At the end of September, Federal Finance Minister Christian Lindner gave a remarkable diagnosis of the state of the German economy in a name article in Der Spiegel. He wrote: “In the Corona crisis we […]
EU politics
David Graeber: The Center Blows Itself Up: Care and Spite in the ‘Brexit Election’
Maybe not the most focussed piece by David Graeber, but there are many interesting elements, so worth reading. Sad is that after writing “Most of the new, young Labour activists had enough experience with genuine […]
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