The German current account surplus of probably 7 per cent of GDP in the current year is an unparalleled scandal. However, it becomes a real political catastrophe when Germany accuses countries that have fairly balanced balances, such as China, or even high current account deficits, such as the USA, of mercantilism when they defend themselves against the actual mercantilists.
Climate Crisis
Robin Scher: As Cryptocurrency Becomes Mainstream, Its Carbon Footprint Can’t Be Ignored
As Bitcoin prices rise, so will the incentive to mine it, creating a feedback loop that spells trouble for the climate. Read here
Energy
Bill Mitchell: A large government presence required for energy transition does not mean massive deficits are needed
To finance energy transition we need to move from a system that allocates resources in favour of private profit, to a more societal-based system. Read HERE WikiRigaou/Creative Commons
Climate Crisis
Bill Mitchell: Australia’s bushfire dystopia – another entry for the neoliberal report card
We shall catch up on the CFA Franc series, but thought this was more important. Read here
Be the first to comment