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of England’s failure to respond effectively to the worst inflation in four decades underscores the need to abandon the outdated notion that fiscal and monetary policy can be kept separate.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
Ann Pettifor: Why the Federal Reserve is as much to blame for Turkey’s economic crisis as Donald Trump
It is necessary to point to the Fed’s actions to understand tremors in world markets, but central bankers should never have been held solely responsible for the restoration of macroeconomic stability Read here
Economics
Bill Mitchell: The Covid trade-off between health and the economy did not exist
Our health systems and labour markets have been pushed into unworkable states by the fiscal cuts, outsourcing, privatisation, casualisation, wage restraint, etc – all pursued in the name of making us all better off and […]
EU politics
Thomas Piktetty – Budget 2018: French youth sacrified
Macron’s 2018 Budget fits in the EU pattern: More Money for the wealthy, less for the young, in this case for higher education. Read here
Be the first to comment