Simon Wren-Lewis, one of the architects of the British Labour Party´s “Fiscal Rule”, replies to Bill Mitchell`s criticism (read here and here)
Read here
Climate Crisis
Steve Keen: Nordhaus can have his Nobel, but we shouldn’t let his theory gamble with humanity’s future
William Nordhaus’s Nobel Prize in Economics in 2018 “for integrating climate change into long-run macroeconomic analysis” is safe. But the world isn’t. Read here
Economics
Mark Thompson, Anna Cooban: Credit Suisse shares crash as Saudi investor rules out more funds
Report in CNN on the chaos at Swiss bank Credit Suisse today. Is this the start of a new financial crisis? Read the article HERE.
Sustainability
ICCT: Growing momentum: Global overview of government targets for phasing out sales of new internal combustion engine vehicles
In four years Norway will stop selling internal combustion engine vehicles. Others in 2030. The EU is not terribly encouraging, but then Germany is in charge. Read here
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