In Germany long-term price stability has meant suppression of wages. This has enabled its mercantilist policy, which has been so disastrous for the euro-nations.
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Climate Crisis
Carbon Brief: In-depth Q&A: The IPCC’s sixth assessment on how to tackle climate change
Limiting global warming to 1.5C or 2C would mean “rapid and deep” emissions reductions in “all sectors” of the global economy, says the latest report from the United Nations’ Intergovernmental Panel on Climate Change (IPCC). […]
Climate Crisis
The Barents Observer: Norway offers oil firms 70 new Barents Sea exploration blocks
“Are there any adults home?” Greenpeace asks rhetorically after the Norwegian Government on Wednesday announced this year’s licensing round. Read here The Goliat oil rig for the Barents Sea. Photo: Thomas Nilsen
Economics
Bill Mitchell: Bank of England finds QE did not increase bank lending: who would have thought
Once again we learn that QE has not helped the real economy, just bailed out the banks and corporations Read here
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