The Bank of England’s failure to respond effectively to the worst inflation in four decades underscores the need to abandon the outdated notion that fiscal and monetary policy can be kept separate. If governments are to be held responsible for investment and employment, they should also control interest rates.
Economics
Bill Mitchell: Massive wastage of labour in the European Union
The EU’s employment situation stripped of the Ode to Joy and EU financed fireworks Read here
Corruption
This is Money: Fury at United Utilities as it pays £180m dividend while planning to impose a hosepipe ban on customers
This is the sort of predatory capitalism being promoted by the EU neo-liberalism. Utilities should be privatised as the private sector is “more efficient”. This is just half the story. In the end the state […]
Climate Crisis
MIT: How rising groundwater caused by climate change could devastate coastal communities
Higher sea levels will push the water table up with them, causing flooding, contamination, and all manner of unseen chaos. Read here
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