Economics
Bill Mitchell: Commercial banks make higher profits when interest rates rise
It appears that many still do no understand how banks work and make profits Read Here Photo: JamesQube from Pixabay
Bill Mitchell
Economics
Bill Mitchell: Why has Japan avoided the rising inflation – a more solidaristic approach helps
It seems that there are different paths that policy makers can take within a capitalist monetary economy. They can allow corporations to profit gouge at the expense of the workers and then turn on the […]
Economics
Bill Mitchell: Eurozone anti-fragmentation confusion – its really simple – the ECB has to continue to fund deficits or kaput!
The ECB knows what it has to do and continue to do – fund the fiscal deficits irrespective of what smokescreen it erects to call it something different. Read Here
Economics
Bill Mitchell: The class war is over, viva the class war – inflation and all that
Farewell the classless nirvana Read Here
Economics
Bill Mitchell -US labour market weakens a little – it is madness to be increasing interest rates in this environment
The US labour market slowed a little in May 2022. The US labour market is still 822 thousand jobs short from where it was at the end of May 2020. The employment-population ratio is still […]
Economics
Bill Mitchell: US Federal Reserve Bank economists going Marxist on us
The Board of Governors of the US Federal Reserve System has published a paper entitled Who Killed the Phillips Curve? A Murder Mystery, confirming what Marxist economists have been explaining for decades. Read Here Photo: […]
Economics
Bill Mitchell – Australia: We have a new federal government – finally some decency will hopefully return
Insights into the Australian election on the weekend Read Here Photo: As a work of the U.S. federal government, it is in the public domain.
Economics
Bill Mitchell – US inflation is moderating while a massive fiscal contraction is underway – recession looming
Policy makers in the US seem hell bent on bringing on a recession as part of a futile fight against inflationary pressures which are already moderating. Read Here Photo: Policy makers in the US seem […]
Economics
Bill Mitchell: US labour market showing signs of faltering as real wages continue to decline
Any analyst who is claiming the US economy is close to full employment hasn’t looked at the data. Read Here
Economics
Bill Mitchell: The Left/Right distinction is as relevant as ever as corporations gouge profits out of pushing inflation
After years of being captured by identity politics, have many on the Left forgotten what it means to be Left? Read Here © MathieuMD / Wikimedia Commons / CC BY-SA 4.0