“What we need instead is a sober analysis of the structural conditions, restrictive as wellas conducive, and of the realistically possible organizationalforms for a Europe capable of keeping its distance from bothChina and the USA, […]
We are now entering phase 2 of the New Keynesian policy folly. Phase 1 – was the rising interest rates to fight an inflation that was not interest-rate sensitive. Phase 2 – run policy so […]
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