This is the second of two excellent articles of analysing Japan’s finances and economy in relation to MMT. What one always has to give Bill Mitchell credit for is that climate change always plays an […]
Discussing Japanese public finances is extremely difficult. It is not much different from the arguments 600 years ago about whether the world is flat. Critics claimed that eventually the ship will fall off the world […]
The only thing that keeps the currency union intact is the ECB acting outside of the legal structures set down by the treaties Read here
When ever there is high inflation it is used as proof that Modern Monetary Theory is debunked. This is the case in Turkey. The real culprit is the neo-liberal policy of the IMF Read here
“It has everything to do with ensuring they bail out the gamblers when they overreach.” Read here
Central bankers have resisted buying into the inflation mania because they know that the current price pressures are temporary and they will only worsen the unemployment if they acted as they did in the past. […]
Once again we learn that QE has not helped the real economy, just bailed out the banks and corporations Read here
The US labour market is still 3,912 thousand jobs short from where it was at the end of February 2020. Read here
“Where the Left has let us down is in failing to use their political voice to insist that governments accompany the lockdowns with (among other things): Full income support for workers unable to ‘work from […]
Labour is now the party of business, not the worker. What does that make the Tories? Read here Attribution 3.0 Unported
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