Italy voted last Sunday in a way that should deeply frighten all those who still feel a touch of responsibility for Europe in them. But nothing of the sort can be observed in German politics or the public. One merely sees one’s own prejudices confirmed and reflexively admonishes Italian politics to finally turn to the path of virtue that Germany has long been charting. The fact that this election in Italy was preceded by a long process of disappointment and frustration about the behaviour of the most important European neighbours is simply ignored.
Economics
Peter Bofinger and Thomas Haas: A Nobel Award for the Wrong Model
Diamond-Dybvig-Bernanke is a flawed model of banking that has no room for a lender of last resort Read Here Ben Bernanke Dollar by Gage Skidmore
Finance
New Economics Foundation: THE UNHEARD STORIES OF PRECARIOUS WORK
Outsourcing and the gig economy have become modern slavery. It is very convenient to ignore because it is cheap and hidden. Except for those who have to earn their living from it. Read here
Corruption
Reuters: EU watchdog slams Germany for lapses in Wirecard fraud
The German government is not sweeping the dirt under the carpet, it is shovelling it, especially SPD finance minister and chancellor candidate Olaf Scholz. Read here
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