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
Bill Mitchell: RBA rejects theory that interest rate rises cure Covid and make trucks go faster
“There was an important speech delivered by the Governor of Australia’s central bank today that reveals the reasons that the RBA is once again refusing to be bullied into increasing interest rates rises by the […]
Economics
Bill Mitchell: Central banks are resisting the inflation panic hype from the financial markets – and we are better off as a result
“It has everything to do with ensuring they bail out the gamblers when they overreach.” Read here
EU politics
DatLab Blog: Tenders in EU: how much goes to tax havens?
Tax haven based companies won 5 % of the value of public tenders throughout EU countries in 2006-2017. That yields a rough estimate of 100 bilion EUR being awarded annually to such companies. Read here
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