Economics
Bill Mitchell: Central bank priorities are not the priorities of working people
The costs of inflation are minimal when compared to the devastating costs of unemployment Read Here
Bill Mitchell
Economics
Bill Mitchell: Inflation falling in the US and expectations are sharply in decline
The word to summarise all these trends and sentiments is: transitory. Read Here
EU politics
Bill Mitchell: IMF reform proposals for the Eurozone are just weak band aids that cannot fix the dysfunctional mess
All the other options – such as the IMF’s current plan – just put band-aids over the mess – and they are weak bandages at best. Meanwhile, the ECB will have to continue funding the […]
Economics
Bill Mitchell: US labour market showing further signs of slowdown
Last Friday (September 3, 2022), the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – September 2022 – which reported a total payroll employment rise of only […]
Climate Crisis
Bill Mitchell: A ‘broad agreement’ on the need for climate change action – doesn’t mean a solution is forthcoming
Nothing good will come if the gamblers get in on the act and pursue speculative profits under the cloak of doing something about climate change. Read Here
Climate Crisis
Bill Mitchell: It all adds up to the conclusion that system change is required not progressive tinkering
Bill covers a number of current events in this analysis. Read Here
Climate Crisis
Bill Mitchell: Deep Adaptation
I have been considering the concept of – Deep Adaptation – which emerged from the work of British academic Jem Bendell in 2018. Read Here
Economics
Bill Mitchell: Germany is in deep trouble and requires a major shift in policy strategy
The reality is that the German model that they took into the Eurozone is now unsustainable. It is a case of the past hubris catching up with Germany. Read Here
Economics
Bill Mitchell: Where are all the economists? Its lucky they have gone AWOL
The ‘cost of living’ crisis has structural dimensions – the privatised essential services etc which has spawned profiteering at the expense of service quality and scope and has been a problem for several decades now. […]
Economics
Bill Mitchell: US Labour Market – creating work but participation and real wages falling
In July 2022, the US labour market produced reasonable growth in employment but at the same time the participation rate fell. The fall in the official unemployment rate was all down to the declining participation […]