A recent study of 14 advanced economies found that 81% of the rise in house prices is attributable to land, not the dwellings that rest on it.
Economics
Bill Mitchell: Apparently the bond vigilantes are saddling up – on their ride to oblivion
When I was in London recently, I was repeatedly assailed with the idea that the Liz Truss debacle proves that the financial markets in Britain are more powerful than the government and can force the […]
EU politics
Bill Mitchell – Wolfgang Schäuble is gone but his disastrous legacy will continue
Bill Mitchell has a long, hard look at the legacy of Germany’s outgoing finance minister Wolfgang Schäuble. Read here
Corruption
New York Times: Greek Politicians May Have Taken Bribes from Drug Maker, Prosecutors Say
Once again it is the United States uncovering massive corruption in Europe. This time it is the political nomenclature of Greece, many leading figures in the EU. What has come to light there would be […]
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