Sometimes it is incredibly difficult to draw clear conclusions from simple facts because people have become so firmly entrenched in a particular world view that anything other than this picture does not exist. If, for example, a member of the ECB’s Executive Board were to take a closer look at the USA, they would be astonished to realise that a decline in inflation rates has also set in there, which, if you believe in the ECB’s theories, should not actually be happening.
EU politics
Politico: Milei’s win in Argentina hits hopes for EU’s Latin America trade deal
The ‘anarcho-capitalist’, Javier Milei, won the Presidential election in Argentina on Sunday. He has an extremely radical policy agenda, but what comes next is not exactly clear. Read the article HERE.
Climate Crisis
Yanis Varoufakis: The West’s Wasted Crisis
A year that began hopefully is ending grimly. Western political elites, unable (and perhaps unwilling) to turn a deadly pandemic and climate crisis into a life-preserving opportunity, have only themselves to blame. Read here
Economics
Bill Mitchell: Inflation is not necessarily due to excessive spending
What a lot of people do not fully grasp. Inflation can be driven by administrative decisions and can be curtailed or restrained by varying those decisions. Read here Hyperinflation in the Weimar Republic
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