“With another cyclical downturn approaching, the European Commission continues to conduct its affairs in a sort of time warp, divorced from reality.” Read here
The damage done to Greece will not disappear – at least not for decades. Read here
Another take on why neo-classical economics is so miserably failing society. Read here The cartoon has little to do with the article, but we found it entertaining
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 […]
The chickens are coming home to roost at present and the irony of all this is that ultimately German and Dutch external surpluses will fall below the allowable EU imbalance threshold of 6 per cent […]
Professor Bill Mitchell gives a talk at the Brighton Labour Party conference about MMT and the Green New Deal, and answers audience questions. Recorded 23rd September 2019. Listen here
No, as long as the EU/euro hegemon Germany dictates policy the EU is going nowhere. No wonder the PIS in Poland keep reaching record numbers of voters. They have a fiscal policy. No wonder that […]
The Labour Party is thus being left behind because they have been taking advice from economists that are stuck in the old paradigm, notwithstanding their efforts to claim otherwise. At the heart of this old […]
“We are entering a new era where the neoliberal obsession with so-called monetary policy reliance is becoming increasingly discredited and exposed by the evidence base. Fiscal dominance is approaching.” Read here
“Despite rather significant monetary policy gymnastics, aimed at stimulating economic growth and lifting inflation rates, central bankers have largely failed. They have failed because they are wedded to mainstream theory. Fiscal policy makers are constrained […]
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