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.
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AP – May Day: World’s workers rally, France sees pension anger
Report in AP on May Day protests across the world, focusing on France, where workers continue to resist President Macron’s new pension law. Read the article HERE.
Economics
The German V-Recovery that wasn’t: Gross domestic product in the 1st quarter of 2021 down 1.7% on the previous quarter
Angela Merkel’s government knew it. A V-Recovery was on its was. Like the COVID vaccinations they just don’t appear to understand current conditions. Read here
EU politics
Global Justice Now – iFail: How Apple tried to silence tax justice activists in France – and lost
So typical. Those who do not pay their fair share of taxes are the first to call on the state, in this case the police and courts, to defend them against the people they are […]
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