In this article, we want to ask the simple question of how Argentina’s central problem, extremely high inflation, is to be tackled by the “markets”. Thereby, we use the contrasting example of Turkey, which is also much (and wrongly) discussed in the media, to show why it is almost impossible to return to moderate inflation anywhere in the world using the orthodox means of monetary policy.
Economics
Bill Mitchell – Claiming the European Union is close to full employment defies the meaning of language
While politicians continually want to claim that their nations or areas of responsibility are ‘close to full employment’ the data rarely bears out that assessment. And think of it this way – the mainstream economists […]
Climate Crisis
Richard Murphy: My vision for a Green New Deal
Prolific economic thinker Richard Murphy, preparing for a series of lectures in Glasgow and Edinburgh, at a Commonspace Forum, outlines his latest vision for a Green New Deal, as a global imperative, and incidentally a […]
Climate Crisis
Politico: EU tries to stop energy treaty exit stampede
EU countries reject the corrupt EU Commissions-led reforms to the Energy Charter Treaty, saying they fail to stamp out protections for fossil fuels. Spain, the Netherlands, France, and Poland have all declared their intention to […]
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