Here is all that inflation is: You take all the prices that you can observe, and you average them in some way — and there’s debatable choices you have to make in averaging them, in designing your standard basket of goods and services — and that’s inflation.
A mix of distorted incentives, ignorance, confusion, and lack of accountability maintain a dangerous financial system Read here
Among Member States for which data are available, the largest monthly decreases were recorded in Germany (-5.2%), Greece (-4.5%) and Austria (-3.1%). The highest increases were observed in Ireland (+9.8%), Luxembourg (+4.8%) and Sweden (+3.6%). […]
Turkey has clearly won a geopolitical victory, but fantasies about a Turkish takeover are overblown. In New Left Review’s ‘Sidecar’. Read the article HERE.
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