Michel Feher writes for @PublicBooks on how the logic of credit-worthiness explains the present populist moment
Read here
Climate Crisis
electrek: Tesla makes deal with Fiat Chrysler to pool fleet for EU emission requirement
No emissions reductions achieved, but targets will be met. This deal shows why it is ridiculous to set targets based on Co2 intensity or average Co2 emissions. Time to start setting maximum emissions per car. […]
EU politics
Bill Mitchell: The EU’s democratic deficit is intrinsic and unfixable without dissolution
Bill Mitchell on the report by Amnesty International EU Vanishing Act: The Eurogroup’s Accountability (see here)
Economics
Reuters: German economic institutes cut 2023 GDP forecast on energy price surge
What a surprise. And the ECB wants to continue raising interest rates and the German goverment wants austerity. Add to this high inflation and low wage growth. Nothing new on the German front. Inflation well […]
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