Diamond-Dybvig-Bernanke is a flawed model of banking that has no room for a lender of last resort
Read Here
Ben Bernanke Dollar by Gage Skidmore
Peter Bofinger and Thomas Haas: A Nobel Award for the Wrong Model
Economics
DeStatis – German Recession: Gross domestic product in the 2nd quarter of 2025 down 0.1% on the previous quarter
Germans are forgetting how to spell “Economic Growth”. It is at the same level as 4th quartier 2021, almost four years ago. Read Article HERE
EU politics
Euractiv: Slovenia to call consultative referendum on NATO membership
Due to mass public opposition to increased member defence spending ‘agreed’ at the NATO conference, Slovenia will now hold a referendum on NATO membership. This could have far-reaching consequences across the alliance. Slovenia’s liberal Prime […]
Austerity
Ashoka Mody: Italy’s Budget Isn’t as Crazy as It Seems
EU officials must recognize that the country needs stimulus. Read here
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