Economist keep warning of this, but Germany keeps pressuring for austerity for ideological reasons, which reduces growth resulting in recession and unemployment. Not that we do not know that. But what the EU hegemon wants, the EU hegemon gets.
In this post Michael Roberts delves deeper into the analytics of MMT Read here
February 5, 2023 Mathew D. Rose Economics, EU politics, EU-Institutions, Finance, Financial Institutions, Regulation 0
Central banks have lost control of both the narrative and the markets. Read Here