Diamond-Dybvig-Bernanke is a flawed model of banking that has no room for a lender of last resort
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Ben Bernanke Dollar by Gage Skidmore
Peter Bofinger and Thomas Haas: A Nobel Award for the Wrong Model
Corruption
Reuters: EU watchdog slams Germany for lapses in Wirecard fraud
The German government is not sweeping the dirt under the carpet, it is shovelling it, especially SPD finance minister and chancellor candidate Olaf Scholz. Read here
Economics
Politico – Europe accuses US of profiting from war
EU officials attack Joe Biden over sky-high gas prices, weapons sales and trade as Vladimir Putin’s war threatens to destroy Western unity Read Here
Climate Crisis
Jessica Corbett: Private Equity Executives Hide Behind Philanthropy as Their Firms Ravage the Earth
It’s a “serious problem” that executives can invest in fossil fuels and then “greenwash their reputations.” Read Here
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