Germany’s commitment to austerity and its refusal to support fundamental reform of the euro is recklessly complacent.
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Austerity
Bill Mitchell: The EU pronouncement of a Greek success ignores the reality
1. Real GDP has shrunk by 23.9 per cent since the crisis began and has been stuck around that mark since 2012. There has been virtually no growth at all since the trough was reached […]
Economics
Bill Mitchell: ECB denial is just embarrassing
Understanding the failures of the European Central Bank Read here
Climate Crisis
Scotonomics – MMT and the Climate Movement
MMT and the Climate Movement Modern Monetary Theory (MMT) discusses fiscal space—the ability for governments to create currency and spend on the public purpose—not in monetary terms but in functional terms: the question is not […]
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