This is the recorded talk I gave to Positive Money Italy (http://monetapositiva.blogspot.com/) on November 23rd 2018. I explain that excessive private credit caused the relative boom in Italy before the crisis, and the collapse in credit during the Eurozone-imposed period of austerity is the main reason that economic growth in Italy has stagnated.
Listen here For non-economists to learn essentials such as the balance of payments, currency exchange, and trade between nations, presentation matters. The brilliant Bill Mitchell, as always, distills complex concepts in such a way that […]
Everyone is fearful of inflation because this was pounded into their heads by politicians and mainstream media over decades. It is all they know. But as Steve Keen writes, it is all about debt deflation. […]
We are continuing with Part 3 of this brilliant series. See Part 1 here and Part 2 here