Each time this modern variant of financial capitalism gets ahead of itself, the main players – who are usually content pocketing excessive profits – always come running back for life support from the state. The […]
This is one of those all-time historical events that make the severe crises of the past (early 1980s, 1990s, GFC – look like blips). Read here
Bill Mitchell on the Job Guarantee. Read here
As the world sinks into the deepest crisis in more than 100 years, we have had a succession of demonstrations of what is wrong with the structure of the European Union. Read here
Everyone, apparently is an MMTer now. But from what they say we know that is not the case. And just as this cohort swing to save face in what is a glaringly obvious empirical rejection […]
The March 2020 US BLS labour market data release reveals a rapidly deteriorating labour market. But as the song goes – You ain’t seen nothing yet! Read here
More and more people are realising that it is beyond reform – and that goes for the EU in general. The Eurozone is just the most advanced expression of the neoliberalism built into the EU […]
Imagine how apoplectic they are all going to be once the deficit goes to 10 per cent or more and the central banks are buying up all the debt. Read here
Probably the only ones trying to hold on to the old ideology are the Germans, although in practice they will do anything to save the 1%. Read here
While the analysis is focused on Australia at present, the principles developed are portable across national boundaries. Read here
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