There is no compelling reason to raise interest rates, now or later.
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Economics
Costas Lapavitsas: This Crisis Has Exposed the Absurdities of Neoliberalism. That Doesn’t Mean It’ll Destroy It
The coronavirus shock has shaken the world’s stock markets, imposing the need for massive state bailouts. But the measures to deal with the crisis risk spurring an authoritarian controlled capitalism — one that protects corporate […]
Climate Crisis
Client Earth: European Parliament resolution ‘final nail in the coffin’ for Energy Charter Treaty
The newest from Europe’s Disneyland parliament. Now that Germany had indicated that it will withdraw from the ECT this is permitted, although one never knows what the EU Commission might get up to. Read Here
Austerity
Chris Dillow: Tories’ structural stupidity
This may be the UK, but it sounds like a number of other nations in Europe. The three lead candidates at the previous German election Scholz, Laschet, and Baerbock would all be right in there […]
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