Plans to announce a large package of military aid for Ukraine fizzled ahead of the gathering.
Economics
Bill Mitchell – Is the $US900 billion stimulus in the US likely to overheat the economy
Comments made last week by the former Clinton, Obama and now Biden economist Lawrence Summers contesting whether it was sensible for the US government to provide a $US2,000 once-off, means-tested payments was met with widespread […]
Economics
Bill Mitchell – Forget the record deficits and public debt – focus on what the net spending is doing to advance well-being
MMT economists have always held the view that a focus on deficits and debt aimed at assessing solvency thresholds and the like has never been justified and has underpinned destructive policy interventions that have undermined […]
Economics
Eurostat: Euro area international trade in goods deficit €34.0 bn – €42.3 bn deficit for EU
The first estimate for euro area exports of goods to the rest of the world in July 2022 was €235.5 billion, an increase of 13.3% compared with July 2021 (€207.8 bn). Imports from the rest […]
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