Economics
Bill Mitchell – Governments should do everything possible to avoid recessions – yet they don’t
The significance of hysteresis. Read here
Bill Mitchell
Economics
Bill Mitchell: The French inferiority complex
A reflection would suggest that France should lead the way out of the Eurozone and craft policy that advances the interest of all French citizens rather than play into the global aspirations for supremacy held […]
Economics
Bill Mitchell: Neoliberalism is likely to survive yet another crisis
The beginning of the blog concerns Australia, but quickly goes over to the EU. Read here
Economics
Bill Mitchell: Government goes missing in the European Union
What is wrong with Europe these days is its structures and cultures have combined to create dysfunctional responses from government to crises. Read here
Economics
Bill Mitchell: The British government did not approach insolvency in March 2020
It is very disturbing that the media misleads people so manifestly. Read here
Economics
Bill Mitchell: Eurozone inflation heading negative as the PEPP buys up big – don’t ask the mainstream to explain
Governments save economies. Never let a mainstream economist tell you that government intervention is undesirable and that the ‘market’ will sort things out. Never let them tell you that large-scale government bond purchases by central […]
Economics
Bill Mitchell – US Labour Market – cheering but it is too early to break out the champagne
The numbers filing for unemployment insurance continue to rise and now top 43.2 million since March 7, 2020. A further 1.9 million filed in the week ending May 30, 2020. Read here
Economics
Bill Mitchell – ECB asset purchase programs are the only thing keeping Member States solvent
The ECB is the currency issuer and it does more or less what it likes to keep the Member States solvent. Read here
Economics
Bill Mitchell: Why do currency-issuing governments issue debt? – Part 1
One question that continually comes up when I do interviews is this: If governments are not financially constrained in their spending why do they issue debt? Read here
Economics
Bill Mitchell: US labour market in peril as a result of political choices made by the US government
In the current circumstances, while the lockdowns are driving people into joblessness, the alternative would have been for the government to just pay the wages and order people to stay at home. Read here People […]