The labor market is exceptionally tight, at least by the standards of recent history. That matters for monetary policy, but its importance goes beyond inflation, or even material living standards. We are used to a world where workers compete for jobs. A world where businesses compete for workers would look very different.
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There was a Financial Times article recently (January 8, 2023) – Monetary independence is overrated, and the euro is riding high – from Martin Sandbu which strained credibility and continues the long tradition of pro-Euro […]
Good news for the enivronment! High gas prices have led to massively higher producer prices of fertilisers and a significant drop in fertiliser sales Producer prices of fertilisers nearly doubled in August 2022 compared with […]
We have repeatedly referred to the cartels – An association of companies obtaining the total control over a market. These are nothing less than trans-European monopolies – endemic to the EU. The interesting aspect of […]
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