That monetary policy has lost its effectiveness is common knowledge, although neo-liberal governments and economists continue their policy of pretend and extend. Bill Mitchell addresses the political aspect of fiscal policy as the alternative. Read […]

Spain is making Poland and Hungary appear to be enlightened liberal democracies, but they do have a German car factory and do what the Germans say, so hey, lets just look away. And when were […]

In Germany long-term price stability has meant suppression of wages. This has enabled its mercantilist policy, which has been so disastrous for the euro-nations. Read here