We have been here before. To keep the economy too much money has been leant to those who cannot repay their debts. It does not take much imagination to guess what follows.
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Positive Money: UK consumer credit approaches 2008 peak
Geopolitics
+972: Rugs, cosmetics, motorbikes: Israeli soldiers are looting Gaza homes en masse
Israeli soldiers describe how stealing Palestinian property has become totally routine in the Gaza war, with minimal pushback from commanders Read HERE
Finance
Dani Rodrik: Reclaiming Community
Stable families, good jobs, strong schools, abundant and safe public spaces, and pride in local cultures and history – these are the essential elements of prosperous societies. Neither global markets nor the nation-state can adequately […]
Austerity
Simon Wren-Lewis: MMT and Labour’s fiscal rule
Simon Wren-Lewis, one of the architects of the British Labour Party´s “Fiscal Rule”, replies to Bill Mitchell`s criticism (read here and here) Read here
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