What a lot of people do not fully grasp. Inflation can be driven by administrative decisions and can be curtailed or restrained by varying those decisions. Read here Hyperinflation in the Weimar Republic
The US Department of Labor’s weekly data releases are indicating that as the virus escalates, seemingly out of control, the labour market recovery has all but stalled and a reasonable prediction would be that it […]
MMT economists have always held the view that a focus on deficits and debt aimed at assessing solvency thresholds and the like has never been justified and has underpinned destructive policy interventions that have undermined […]
While even many progressive economists were effusive about the advances being made in IMF policy the same neo-liberal destruction continues in practice. Read here
Things are not going much better on the other side of the Atlantic. Clearly, the 20.7 million job loss in April has not yet been reversed. Given the loss of payroll jobs in March and […]
A short lesson in macroeconomics Read here
Once again the Germans are trying to assert their authority over the ECB and bully it into constraining the only policy intervention that is saving the eurosystem from collapse, by way of insolvency of several […]
The more sophisticated critics hide behind sophistry and false premises to push the argument that lockdowns are worse than spirally death rates. Read here Source: Wikimedia Commons
Let us be honest, the EU perpetually breaks rules, laws, and treaties. Bill Mitchell lists many of these. Read here
Post-Covid, are taxes hikes essential to fund the future? Or should we abandon “deficit fetishism” and spend our way to prosperity? Read here Mural by Megan Wilson. Photo: victorgrigas / Wikimedia Commons
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