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
Economics
Dominik Leusder: The Art of Monetary War
Sanctions and the new phase of economic combat Read Here Bank of Russia. Photograph via Flickr.
Economics
Bill Mitchell: Discredited academic dinosaurs continue to seek relevance
As many mainstream macroeconomics try to reinvent themselves after their reputations were trashed during and in the aftermath of the GFC, some are still trying to stay relevant by recycling the usual trash about deficits, […]
EU politics
ICIJ – Fears of ‘significant deterrent’ for whistleblowers as top EU court quashes Lux Leaks case
The European Court of Human Rights ruled that Luxembourg’s treatment of whistleblower Raphael Halet “struck a fair balance” between protecting his freedom of expression and the rights of PwC, despite objections from two dissenting judges. […]
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